A Reversal for SHAMARAN PETROLEUM CORPORATION ORDINARY (OTCMKTS:SHASF) Is Not Near. The Stock Has Rise in Shorts

ShaMaran Petroleum Corp (OTCMKTS:SHASF) Logo

The stock of SHAMARAN PETROLEUM CORPORATION ORDINARY (OTCMKTS:SHASF) registered an increase of 279.07% in short interest. SHASF’s total short interest was 16,300 shares in December as published by FINRA. Its up 279.07% from 4,300 shares, reported previously. With 24,000 shares average volume, it will take short sellers 1 days to cover their SHASF’s short positions.

It closed at $0.059 lastly. It is down 0.00% since December 2, 2017 and is . It has underperformed by 15.62% the S&P500.

ShaMaran Petroleum Corp., an oil and gas company, engages in the exploration, appraisal, and development of gas and oil resources in the Kurdistan Region of Iraq. The company has market cap of $148.21 million. It primarily holds a 20.1% direct interest in the Atrush Block, which covers an area of 269 square kilometers that is located approximately 85 kilometers to the northwest of Erbil. It has a 11.8 P/E ratio. The firm was formerly known as Bayou Bend Petroleum Ltd. and changed its name to ShaMaran Petroleum Corp. in October 2009.

More notable recent ShaMaran Petroleum Corp (OTCMKTS:SHASF) news were published by: Seekingalpha.com which released: “Medusa Mining: Counting Down Until June 2017 – Seeking Alpha” on July 05, 2016, also Seekingalpha.com with their article: “ShaMaran Petroleum (SHASF) Investor Presentation – Slideshow – Seeking Alpha” published on June 26, 2018, Seekingalpha.com published: “Ivanhoe Mines Became A Billion Dollar Company – Seeking Alpha” on September 08, 2016. More interesting news about ShaMaran Petroleum Corp (OTCMKTS:SHASF) were released by: Seekingalpha.com and their article: “Argonaut Gold Incorporated: Where Will Growth Come From? – Seeking Alpha” published on February 25, 2016 as well as Seekingalpha.com‘s news article titled: “Guyana Goldfields Incorporated: Genuinely Good Investment – Seeking Alpha” with publication date: February 21, 2016.

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