Peninsula Energ (OTCMKTS:PENMF) Shares Shorted: Short Interest Up 3,413.1% in October

Peninsula Energ (OTCMKTS:PENMF) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 101,108 shares, an increase of 3,413.1% from the September 30th total of 2,878 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 104,223 shares, the short-interest ratio is presently 1.0 days.

Peninsula Energ Price Performance

PENMF stock traded down $0.01 during mid-day trading on Monday, reaching $0.14. The company had a trading volume of 2,400 shares, compared to its average volume of 50,824. The firm has a fifty day simple moving average of $0.20 and a 200 day simple moving average of $0.26. Peninsula Energ has a fifty-two week low of $0.12 and a fifty-two week high of $0.77.

About Peninsula Energ

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.