Triangle Petroleum Co. (NYSE:TPLM) saw a significant growth in short interest in September. As of September 30th, there was short interest totalling 4,870,323 shares, a growth of 1.5% from the September 15th total of 4,799,351 shares. Approximately 6.9% of the company’s shares are short sold. Based on an average trading volume of 2,162,358 shares, the short-interest ratio is presently 2.3 days.
Shares of Triangle Petroleum (NYSE:TPLM) opened at 0.2585 on Friday. The firm’s market cap is $19.77 million. Triangle Petroleum has a 52-week low of $0.13 and a 52-week high of $2.14. The stock has a 50 day moving average of $0.26 and a 200 day moving average of $0.32.
About Triangle Petroleum
Triangle Petroleum Corporation (Triangle) is an energy holding company. The Company operates through two segments: exploration and production segment, and oilfield services segment. The focus of the exploration and production operating segment is finding and producing oil and natural gas. The focus of the oilfield services operating segment is pressure pumping and complementary services for both TUSA-operated wells and third-party-operated wells.
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