Pantheon Resources Plc (OTCMKTS:PTHRF) Sees Large Drop in Short Interest

Pantheon Resources Plc (OTCMKTS:PTHRFGet Rating) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 2,759,300 shares, a drop of 32.1% from the March 15th total of 4,062,100 shares. Based on an average trading volume of 2,259,300 shares, the days-to-cover ratio is presently 1.2 days.

Shares of PTHRF stock opened at $1.92 on Friday. Pantheon Resources has a 12-month low of $0.29 and a 12-month high of $1.96. The firm’s 50 day moving average is $1.72 and its 200 day moving average is $1.30.

Pantheon Resources Company Profile (Get Rating)

Pantheon Resources Plc, through its subsidiaries, engages in the exploration and production of oil and gas in the United States. Its primary assets are the Greater Alkaid project that covers 22,804 acres located in Alaska; and the Talitha project covering an area of approximately 44,463 acres. The company was incorporated in 2005 and is headquartered in London, the United Kingdom.

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