Trio Petroleum Corp. (NYSEAMERICAN:TPET) Sees Large Growth in Short Interest

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

Trio Petroleum Price Performance

NYSEAMERICAN TPET opened at $1.35 on Friday. The company has a market cap of $9.09 million, a PE ratio of -0.31 and a beta of -7.73. The company has a 50 day moving average price of $1.56. Trio Petroleum has a 52 week low of $0.79 and a 52 week high of $14.39.

Institutional Investors Weigh In On Trio Petroleum

An institutional investor recently bought a new position in Trio Petroleum stock. Integrity Wealth Advisors Inc. bought a new position in shares of Trio Petroleum Corp. (NYSEAMERICAN:TPET) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 29,000 shares of the company’s stock, valued at approximately $35,000. Integrity Wealth Advisors Inc. owned about 0.43% of Trio Petroleum at the end of the most recent quarter. 0.34% of the stock is currently owned by institutional investors.

Trio Petroleum Company Profile

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.