Short Interest in Trio Petroleum Corp. (NYSEAMERICAN:TPET) Rises By 27.2%

Trio Petroleum Corp. (NYSEAMERICAN:TPET) was the target of a significant increase in short interest in February. As of February 15th, there was short interest totalling 1,030,000 shares, an increase of 27.2% from the January 31st total of 809,800 shares. Based on an average trading volume of 4,950,000 shares, the short-interest ratio is presently 0.2 days. Currently, 28.6% of the company’s stock are short sold.

Institutional Investors Weigh In On Trio Petroleum

An institutional investor recently bought a new position in Trio Petroleum stock. Integrity Wealth Advisors Inc. purchased a new position in shares of Trio Petroleum Corp. (NYSEAMERICAN:TPET) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 29,000 shares of the company’s stock, valued at approximately $35,000. Integrity Wealth Advisors Inc. owned approximately 0.43% of Trio Petroleum at the end of the most recent reporting period. 0.34% of the stock is currently owned by hedge funds and other institutional investors.

Trio Petroleum Stock Performance

Shares of Trio Petroleum stock traded up $0.08 on Thursday, reaching $1.35. 272,186 shares of the company were exchanged, compared to its average volume of 4,535,716. The stock’s 50 day moving average is $1.56. Trio Petroleum has a 1-year low of $0.79 and a 1-year high of $14.39. The company has a market capitalization of $9.09 million, a P/E ratio of -0.31 and a beta of -7.73.

About Trio Petroleum

Trio Petroleum Corp. operates as an oil and gas exploration and development company. The company's flagship project comprises the 85.75% owned working interest in the South Salinas project that consists of approximately 9,300-acre located in Monterey, California. It also owns 22% working interest in the McCool Ranch Oil Field located in Monterey County, California; 2% production interest in the Asphalt Ridge project comprises approximately 960 acres located in southwest of Vernal, Utah; and holds an option agreement to acquire 100% working interest in the Union Avenue Field located in Bakersfield, California.