Peninsula Energ (OTCMKTS:PENMF) Shares Shorted: Short Interest Down 92.5% in October

Peninsula Energ (OTCMKTS:PENMF) saw a large decline in short interest in October. As of October 30th, there was short interest totaling 7,555 shares, a decline of 92.5% from the October 15th total of 101,108 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 34,006 shares, the days-to-cover ratio is presently 0.2 days.

Peninsula Energ Price Performance

OTCMKTS PENMF remained flat at $0.13 during trading on Tuesday. The company’s stock had a trading volume of 180,558 shares, compared to its average volume of 44,292. The stock has a 50-day simple moving average of $0.18 and a 200 day simple moving average of $0.32. Peninsula Energ has a 12 month low of $0.12 and a 12 month high of $0.77.

Peninsula Energ Company Profile

Peninsula Energy Limited is an Australia-based uranium company focused on the exploration, development and production of uranium in the United States. The company’s primary asset is the Lance Uranium Project in Wyoming, which is being developed using in-situ recovery (ISR) technology. This method extracts uranium through wells by circulating a solution through mineralized formations, reducing the need for conventional open-pit or underground mining. The Lance project is located in Wyoming’s Powder River Basin and includes permitted uranium resources, wellfields, processing facilities and related infrastructure.