Triangle Petroleum Co. (TPLM) Sees Significant Increase in Short Interest
Triangle Petroleum Co. (NYSE:TPLM) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totalling 4,870,323 shares, an increase of 1.5% from the September 15th total of 4,799,351 shares. Based on an average trading volume of 2,162,358 shares, the short-interest ratio is presently 2.3 days. Currently, 6.9% of the company’s stock are short sold.
Shares of Triangle Petroleum (NYSE:TPLM) traded down 2.81% during mid-day trading on Tuesday, hitting $0.27. The company had a trading volume of 1,136,984 shares. Triangle Petroleum has a one year low of $0.13 and a one year high of $2.14. The company’s market capitalization is $20.65 million. The firm’s 50-day moving average price is $0.26 and its 200 day moving average price is $0.32.
Triangle Petroleum Company Profile
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Triangle Petroleum Corporation (Triangle) is an energy holding company. The Company operates through two segments: exploration and production segment, and oilfield services segment. The focus of the exploration and production operating segment is finding and producing oil and natural gas. The focus of the oilfield services operating segment is pressure pumping and complementary services for both TUSA-operated wells and third-party-operated wells.
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