Short Interest in Petrofac Limited (OTCMKTS:POFCF) Grows By 585.0%

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

Petrofac Price Performance

OTCMKTS POFCF remained flat at $0.13 during trading hours on Wednesday. Petrofac has a 52-week low of $0.13 and a 52-week high of $2.10. The business’s 50 day moving average is $0.14 and its two-hundred day moving average is $0.18.

About Petrofac

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).