Short Interest in Allied Resources, Inc. (OTCMKTS:ALOD) Grows By 416.7%

Allied Resources, Inc. (OTCMKTS:ALOD) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 3,100 shares, a growth of 416.7% from the September 15th total of 600 shares. Based on an average daily volume of 14,700 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 14,700 shares, the short-interest ratio is presently 0.2 days.

Allied Resources Price Performance

Shares of ALOD stock opened at $0.25 on Friday. Allied Resources has a one year low of $0.08 and a one year high of $0.27. The company’s 50-day simple moving average is $0.16 and its 200-day simple moving average is $0.13.

Allied Resources Company Profile

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.