Spartan Delta Corp. (OTCMKTS:DALXF) Sees Significant Decrease in Short Interest

Spartan Delta Corp. (OTCMKTS:DALXF) was the target of a large decline in short interest in November. As of November 30th, there was short interest totalling 2,203,900 shares, a decline of 35.8% from the November 15th total of 3,432,700 shares. Based on an average daily trading volume, of 154,500 shares, the short-interest ratio is presently 14.3 days.

Spartan Delta Price Performance

DALXF remained flat at $2.24 during trading on Friday. The company had a trading volume of 2,086 shares, compared to its average volume of 21,911. The firm’s 50 day moving average is $2.51 and its 200-day moving average is $2.78. Spartan Delta has a 1-year low of $1.95 and a 1-year high of $3.16.

About Spartan Delta

Spartan Delta Corp. engages in the exploration, development, and production of oil and natural gas reserves in the Western Canada. Its assets are located in Montney and Deep Basin. The company was formerly known as Return Energy Inc and changed its name to Spartan Delta Corp. in May 2020. The company was incorporated in 2006 and is headquartered in Calgary, Canada.