Petrofac Limited (OTCMKTS:POFCF) Short Interest Update

Petrofac Limited (OTCMKTS:POFCFGet Rating) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totalling 117,700 shares, an increase of 67.9% from the April 15th total of 70,100 shares. Based on an average trading volume of 1,300 shares, the days-to-cover ratio is presently 90.5 days.

Shares of Petrofac stock opened at $1.81 on Friday. Petrofac has a one year low of $1.31 and a one year high of $2.57. The business’s 50 day moving average price is $1.56 and its 200 day moving average price is $1.65.

About Petrofac (Get Rating)

Petrofac Limited designs, builds, manages, and maintains infrastructure for the energy industries in the United Kingdom, Algeria, Thailand, Oman, Kuwait, Iraq, the United Arab Emirates, the Netherlands, and internationally. It operates through three segments: Engineering & Construction (E&C); Asset Solutions; and Integrated Energy Services (IES).

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