Short Interest in PetroTal Corp. (OTCMKTS:PTALF) Grows By 29.1%

PetroTal Corp. (OTCMKTS:PTALF) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 9,615,300 shares, an increase of 29.1% from the December 31st total of 7,446,900 shares. Based on an average daily trading volume, of 756,000 shares, the short-interest ratio is currently 12.7 days.

PetroTal Stock Up 0.5 %

OTCMKTS:PTALF traded up $0.00 on Thursday, reaching $0.47. 93,999 shares of the company’s stock were exchanged, compared to its average volume of 219,779. The business has a fifty day moving average of $0.44 and a 200-day moving average of $0.48. PetroTal has a 52-week low of $0.36 and a 52-week high of $0.64.

PetroTal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.015 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.06 dividend on an annualized basis and a yield of 12.76%.

PetroTal Company Profile

PetroTal Corp. engages in the development and exploration of oil and natural gas in Peru, South America. Its flagship property is the Bretana oil field located in the Maranon Basin of northern Peru. The company was formerly known as Sterling Resources Ltd. and changed its name to PetroTal Corp. in June 2018.