ShaMaran Petroleum Corp. (OTCMKTS:SHASF) Short Interest Update

ShaMaran Petroleum Corp. (OTCMKTS:SHASF) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 76,800 shares, an increase of 36.4% from the November 30th total of 56,300 shares. Based on an average daily trading volume, of 25,800 shares, the short-interest ratio is currently 3.0 days.

ShaMaran Petroleum Price Performance

Shares of OTCMKTS:SHASF remained flat at C$0.09 during midday trading on Friday. ShaMaran Petroleum has a 1-year low of C$0.03 and a 1-year high of C$0.09. The stock’s 50-day moving average price is C$0.07 and its 200 day moving average price is C$0.06.

About ShaMaran Petroleum

ShaMaran Petroleum Corp., together with its subsidiaries, engages in the oil and gas exploration and production. It holds interest in the Atrush Block production sharing contract; and in the Sarsang Production Sharing Contract in the Kurdistan region of Iraq. The company was incorporated in 1991 and is headquartered in Vancouver, Canada.