Pantheon Resources Plc (OTCMKTS:PTHRF) Sees Large Growth in Short Interest

Pantheon Resources Plc (OTCMKTS:PTHRF) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 469,500 shares, an increase of 40.3% from the August 31st total of 334,700 shares. Based on an average trading volume of 576,900 shares, the days-to-cover ratio is presently 0.8 days.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised Pantheon Resources to a “moderate buy” rating in a report on Wednesday, August 7th.

Pantheon Resources Stock Performance

PTHRF traded up $0.01 during trading on Friday, reaching $0.23. 143,838 shares of the company’s stock were exchanged, compared to its average volume of 273,995. The company’s fifty day simple moving average is $0.23 and its 200-day simple moving average is $0.32. Pantheon Resources has a 1 year low of $0.19 and a 1 year high of $0.60.

About Pantheon Resources

Pantheon Resources Plc, through its subsidiaries, engages in the exploration and production of oil and gas in the United States. Its primary assets are the Alkaid project that covers that covers 40,000 acres located in Alaska; and the Kodiak project covering an area of approximately 124,000 acres located in Alaska.