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Triangle Petroleum (NYSE:TPLM) saw a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 11,647,266 shares, an increase of 16.2% from the July 31st total of 10,024,614 shares, AnalystRatings.Net reports. Currently, 15.7% of the company’s shares are short sold. Based on an average daily trading volume, of 1,316,919 shares, the days-to-cover ratio is currently 8.8 days.

Shares of Triangle Petroleum (NYSE:TPLM) traded up 1.18% on Tuesday, hitting $12.03. 1,418,111 shares of the company’s stock traded hands. Triangle Petroleum has a 1-year low of $6.45 and a 1-year high of $12.48. The stock’s 50-day moving average is $11.24 and its 200-day moving average is $9.88. The company has a market cap of $1.036 billion and a P/E ratio of 13.27.

Triangle Petroleum Corporation (NYSE:TPLM) is an exploration and production company ,which is focused on the development of unconventional shale oil and natural gas resources in the Bakken Shale and Three Forks formations in the Williston Basin of North Dakota and Montana.

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