Short Interest in Petroteq Energy Inc. (OTCMKTS:PQEFF) Expands By 143.0%

Petroteq Energy Inc. (OTCMKTS:PQEFF) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 183,700 shares, a growth of 143.0% from the December 15th total of 75,600 shares. Based on an average daily volume of 5,437,800 shares, the days-to-cover ratio is currently 0.0 days.

Shares of PQEFF stock opened at $0.38 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.39 and a debt-to-equity ratio of 0.02. Petroteq Energy has a fifty-two week low of $0.04 and a fifty-two week high of $0.44. The stock has a 50 day simple moving average of $0.20 and a two-hundred day simple moving average of $0.16.

About Petroteq Energy

Petroteq Energy, Inc is a holding company, which engages in the development and implementation of proprietary oil sands mining. It specializes in oil production with ancillary offerings in mining, and sand remediation. It operates through the Oil Extraction and Mining Operations segments. The Oil Extraction segment focuses on the commencement of commercial production and will generate revenue from the sale of hydrocarbon products to third parties.

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