Trio Petroleum Corp. (NYSEAMERICAN:TPET) Short Interest Down 21.1% in February

Trio Petroleum Corp. (NYSEAMERICAN:TPET) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 812,400 shares, a decline of 21.1% from the February 13th total of 1,030,000 shares. Approximately 12.2% of the company’s shares are short sold. Based on an average daily volume of 4,940,000 shares, the days-to-cover ratio is presently 0.2 days.

Trio Petroleum Stock Up 15.5 %

Shares of NYSEAMERICAN:TPET traded up $0.20 during midday trading on Monday, reaching $1.45. The company’s stock had a trading volume of 548,078 shares, compared to its average volume of 3,931,508. The business has a 50 day moving average of $1.58. The stock has a market capitalization of $9.76 million, a price-to-earnings ratio of -0.33 and a beta of -7.73. Trio Petroleum has a 12-month low of $0.79 and a 12-month high of $14.39.

Institutional Trading of Trio Petroleum

An institutional investor recently bought a new position in Trio Petroleum stock. Integrity Wealth Advisors Inc. bought a new stake in shares of Trio Petroleum Corp. (NYSEAMERICAN:TPET) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 29,000 shares of the company’s stock, valued at approximately $35,000. Integrity Wealth Advisors Inc. owned 0.43% of Trio Petroleum as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 0.34% of the company’s stock.

Trio Petroleum Company Profile

Trio Petroleum Corp. operates as an oil and gas exploration and development company. The company's flagship project comprises the 85.75% owned working interest in the South Salinas project that consists of approximately 9,300-acre located in Monterey, California. It also owns 22% working interest in the McCool Ranch Oil Field located in Monterey County, California; 2% production interest in the Asphalt Ridge project comprises approximately 960 acres located in southwest of Vernal, Utah; and holds an option agreement to acquire 100% working interest in the Union Avenue Field located in Bakersfield, California.