ShaMaran Petroleum Corp. (OTCMKTS:SHASF) Short Interest Up 36.4% in December

ShaMaran Petroleum Corp. (OTCMKTS:SHASF) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 76,800 shares, a growth of 36.4% from the November 30th total of 56,300 shares. Based on an average daily trading volume, of 25,800 shares, the short-interest ratio is currently 3.0 days.

ShaMaran Petroleum Stock Down 0.7 %

ShaMaran Petroleum stock traded down C$0.00 during mid-day trading on Monday, hitting C$0.08. The company’s stock had a trading volume of 40,036 shares, compared to its average volume of 39,460. ShaMaran Petroleum has a 52-week low of C$0.03 and a 52-week high of C$0.09. The firm’s 50 day moving average is C$0.07 and its 200 day moving average is C$0.06.

About ShaMaran Petroleum

ShaMaran Petroleum Corp., together with its subsidiaries, engages in the oil and gas exploration and production. It holds interest in the Atrush Block production sharing contract; and in the Sarsang Production Sharing Contract in the Kurdistan region of Iraq. The company was incorporated in 1991 and is headquartered in Vancouver, Canada.