Petro Matad Limited (OTCMKTS:PRTDF) Short Interest Down 98.2% in July

Petro Matad Limited (OTCMKTS:PRTDF) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totalling 1,300 shares, a decrease of 98.2% from the June 30th total of 70,300 shares. Based on an average daily volume of 8,100 shares, the short-interest ratio is currently 0.2 days.

Petro Matad Price Performance

Shares of OTCMKTS:PRTDF remained flat at $0.02 during trading on Friday. Petro Matad has a 1 year low of $0.02 and a 1 year high of $0.09. The stock’s 50-day moving average price is $0.04 and its 200-day moving average price is $0.05.

Petro Matad Company Profile

Petro Matad Limited, together with its subsidiaries, explores for, develops, and produces oil in Mongolia. It holds 100% interests in production sharing contract blocks, including Ongi Block V that covers an area of approximately 7,937 square kilometers; and Matad Block XX that consists of an area of approximately 218 square kilometers in Mongolia.