Topaz Energy Corp. (OTCMKTS:TPZEF) Short Interest Update

Topaz Energy Corp. (OTCMKTS:TPZEF – Get Rating) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 381,400 shares, an increase of 29.2% from the February 13th total of 295,300 shares. Based on an average trading volume of 15,600 shares, the short-interest ratio is currently 24.4 days.

Topaz Energy Price Performance

TPZEF stock opened at $14.03 on Tuesday. Topaz Energy has a 1 year low of $13.83 and a 1 year high of $19.68. The company’s 50-day moving average is $14.99 and its 200-day moving average is $15.79.

Wall Street Analyst Weigh In

TPZEF has been the subject of a number of research analyst reports. Stifel Nicolaus initiated coverage on Topaz Energy in a report on Thursday, January 12th. They set a “buy” rating for the company. Scotiabank cut their price target on Topaz Energy from C$33.00 to C$32.00 in a research note on Tuesday, January 17th. CIBC cut their target price on Topaz Energy from C$29.00 to C$27.00 in a research note on Tuesday, January 17th. Finally, Royal Bank of Canada cut their target price on Topaz Energy from C$30.00 to C$28.00 in a research note on Wednesday, March 1st.

About Topaz Energy

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Topaz Energy Corp. operates as a royalty and energy infrastructure company. It operates in Royalty Production and Infrastructure segments. The company holds gross overriding royalty interests on approximately 5.3 million gross acres of developed and undeveloped lands. It is also involved in the natural gas processing and water management infrastructure activities.