Petrofac Limited (OTCMKTS:POFCF) Short Interest Up 585.0% in December

Petrofac Limited (OTCMKTS:POFCF) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 68,500 shares, an increase of 585.0% from the December 15th total of 10,000 shares. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is currently 342.5 days.

Petrofac Stock Performance

Shares of OTCMKTS:POFCF remained flat at $0.13 during trading on Monday. The firm’s 50 day moving average price is $0.15 and its two-hundred day moving average price is $0.18. Petrofac has a 52-week low of $0.13 and a 52-week high of $2.10.

Petrofac Company Profile

Petrofac Limited designs, builds, manages, and maintains infrastructure for the energy industries in the United Kingdom, Algeria, Thailand, Oman, Kuwait, Iraq, the United Arab Emirates, the Netherlands, and internationally. It operates through three segments: Engineering & Construction (E&C); Asset Solutions; and Integrated Energy Services (IES).