PetroTal Corp. (OTCMKTS:PTALF) Sees Large Decrease in Short Interest

PetroTal Corp. (OTCMKTS:PTALF) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 7,798,600 shares, a decrease of 17.6% from the February 28th total of 9,464,000 shares. Based on an average daily trading volume, of 230,300 shares, the short-interest ratio is currently 33.9 days.

PetroTal Price Performance

Shares of PTALF stock traded up $0.01 during trading hours on Thursday, reaching $0.48. The stock had a trading volume of 130,341 shares, compared to its average volume of 157,805. PetroTal has a 12 month low of $0.36 and a 12 month high of $0.64. The stock’s fifty day simple moving average is $0.48 and its 200 day simple moving average is $0.47.

PetroTal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 12.48%. The ex-dividend date was Friday, February 28th.

About PetroTal

PetroTal Corp. engages in the development and exploration of oil and natural gas in Peru, South America. Its flagship property is the Bretana oil field located in the Maranon Basin of northern Peru. The company was formerly known as Sterling Resources Ltd. and changed its name to PetroTal Corp. in June 2018.