Parex Resources Inc. (OTCMKTS:PARXF) Sees Significant Increase in Short Interest

Parex Resources Inc. (OTCMKTS:PARXF) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 3,691,400 shares, an increase of 30.8% from the August 15th total of 2,821,900 shares. Based on an average daily trading volume, of 261,800 shares, the short-interest ratio is presently 14.1 days.

Parex Resources Price Performance

Shares of PARXF traded up $0.25 during trading hours on Monday, reaching $8.99. The company’s stock had a trading volume of 38,466 shares, compared to its average volume of 72,109. Parex Resources has a 1-year low of $8.43 and a 1-year high of $20.66. The company has a 50 day moving average of $12.74 and a two-hundred day moving average of $15.11.

Parex Resources Company Profile

Parex Resources Inc engages in the exploration, development, production, and marketing of oil and natural gas in Colombia. The company's principal land holdings and exploration blocks are in Colombia Llanos and Magdalena Basin. It has 55% working interest in Block LLA-34; 100% working interest in Cabrestero Block; and 50% working interest in Capachos Block and Block VIM-1.