Peninsula Energ (OTCMKTS:PENMF) Shares Shorted: Short Interest Down 92.5% in October

Peninsula Energ (OTCMKTS:PENMF) saw a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 7,555 shares, a drop of 92.5% from the October 15th total of 101,108 shares. Based on an average daily volume of 34,006 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Peninsula Energ Price Performance

Shares of Peninsula Energ stock traded down $0.01 during trading hours on Thursday, hitting $0.12. 5,000 shares of the company were exchanged, compared to its average volume of 50,321. Peninsula Energ has a 1 year low of $0.11 and a 1 year high of $0.77. The business has a 50-day moving average of $0.18 and a 200-day moving average of $0.31.

About Peninsula Energ

Peninsula Energy Limited is an Australia-based uranium company focused on the exploration, development and production of uranium in the United States. The company’s primary asset is the Lance Uranium Project in Wyoming, which is being developed using in-situ recovery (ISR) technology. This method extracts uranium through wells by circulating a solution through mineralized formations, reducing the need for conventional open-pit or underground mining. The Lance project is located in Wyoming’s Powder River Basin and includes permitted uranium resources, wellfields, processing facilities and related infrastructure.