Orlen S.A. (OTCMKTS:PSKOF) Sees Significant Increase in Short Interest

Orlen S.A. (OTCMKTS:PSKOF) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 120,600 shares, a growth of 88.4% from the February 28th total of 64,000 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 1,206.0 days.

Orlen Price Performance

Shares of OTCMKTS PSKOF remained flat at C$16.07 during mid-day trading on Friday. The business has a 50 day simple moving average of C$14.53 and a 200-day simple moving average of C$13.80. Orlen has a 1-year low of C$11.10 and a 1-year high of C$18.50.

Orlen Company Profile

Orlen SA operates in refining, petrochemical, energy, retail, gas, and upstream business. It engages in the processing and wholesale of refinery products, such as crude oil; production and sale of fuel, oil, chemicals, and petrochemicals, as well as provision of supporting services; production, distribution, and sale of electricity and heat from conventional and renewable energy sources comprising solar photovoltaics, as well as natural gas; trading of electricity; exploration and extraction of mineral resources; exploration, production, and import of natural gas; and trading and storage of gas and liquid gas.