Short Interest in Plastic2Oil, Inc. (OTCMKTS:PTOI) Grows By 129.4%

Plastic2Oil, Inc. (OTCMKTS:PTOIGet Rating) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 3,900 shares, a growth of 129.4% from the March 31st total of 1,700 shares. Based on an average daily volume of 23,300 shares, the days-to-cover ratio is currently 0.2 days.

Shares of Plastic2Oil stock opened at $0.01 on Friday. Plastic2Oil has a 12-month low of $0.01 and a 12-month high of $0.04. The business’s 50 day moving average is $0.01 and its 200-day moving average is $0.02.

Plastic2Oil Company Profile (Get Rating)

Plastic2Oil, Inc engages in the transforming waste plastics to oil and other fuel products in the United States. It produces light and heavy fuel products, such as naphtha, fuel oil No. 2 and fuel oil No. 6. The company also produces by-products, including a reusable off-gas similar to natural gas and a carbon residue known as petcoke.

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