Short Interest in Spartan Delta Corp. (OTCMKTS:DALXF) Drops By 24.3%

Spartan Delta Corp. (OTCMKTS:DALXF) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 1,348,700 shares, a drop of 24.3% from the January 15th total of 1,782,800 shares. Based on an average daily volume of 77,800 shares, the days-to-cover ratio is presently 17.3 days.

Spartan Delta Price Performance

Spartan Delta stock traded down $0.04 during trading on Friday, reaching $2.60. The company had a trading volume of 9,600 shares, compared to its average volume of 64,236. Spartan Delta has a 52 week low of $2.03 and a 52 week high of $3.16. The firm’s 50-day simple moving average is $2.51 and its 200 day simple moving average is $2.63.

About Spartan Delta

Spartan Delta Corp. engages in the exploration, development, and production of oil and natural gas reserves in the Western Canada. Its assets are located in Montney and Deep Basin. The company was formerly known as Return Energy Inc and changed its name to Spartan Delta Corp. in May 2020. The company was incorporated in 2006 and is headquartered in Calgary, Canada.