Allied Resources, Inc. (OTCMKTS:ALOD) Sees Significant Increase in Short Interest

Allied Resources, Inc. (OTCMKTS:ALOD) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 300 shares, an increase of 200.0% from the January 15th total of 100 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 3.0 days.

Allied Resources Stock Performance

Shares of ALOD stock opened at $0.12 on Friday. Allied Resources has a fifty-two week low of $0.09 and a fifty-two week high of $0.20. The stock’s fifty day moving average is $0.10 and its two-hundred day moving average is $0.12. The firm has a market capitalization of $649,750.00, a P/E ratio of -2.88 and a beta of 0.52.

About Allied Resources

Allied Resources, Inc, an independent oil and natural gas producer, engages in the exploration, development, production, and sale of oil and gas in the United States. It owns varying interests in a total of 145 wells situated on acreage of approximately 3,400 acres in Ritchie and Calhoun counties, West Virginia; and 10 wells situated on acreage of approximately 2,510 acres in Goliad, Edwards, and Jackson counties, Texas.