PetroTal Corp. (OTCMKTS:PTALF) Sees Large Decrease in Short Interest

PetroTal Corp. (OTCMKTS:PTALF) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 7,798,600 shares, a drop of 17.6% from the February 28th total of 9,464,000 shares. Based on an average daily trading volume, of 230,300 shares, the days-to-cover ratio is currently 33.9 days.

PetroTal Stock Performance

Shares of PTALF stock traded down $0.00 on Tuesday, hitting $0.48. The stock had a trading volume of 14,127 shares, compared to its average volume of 160,496. PetroTal has a one year low of $0.36 and a one year high of $0.64. The business has a 50 day moving average price of $0.48 and a 200 day moving average price of $0.47.

PetroTal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 12.61%. The ex-dividend date was Friday, February 28th.

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.