Short Interest in Petrofac Limited (OTCMKTS:POFCY) Declines By 99.4%

Petrofac Limited (OTCMKTS:POFCY) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a drop of 99.4% from the February 29th total of 16,800 shares. Based on an average trading volume of 51,500 shares, the days-to-cover ratio is presently 0.0 days.

Petrofac Price Performance

Shares of OTCMKTS:POFCY remained flat at $0.17 during midday trading on Thursday. The stock had a trading volume of 533 shares, compared to its average volume of 20,352. The company’s 50-day moving average is $0.17 and its 200 day moving average is $0.25. Petrofac has a twelve month low of $0.10 and a twelve month high of $0.56.

About Petrofac

Petrofac Limited designs, builds, manages, and maintains infrastructure for the energy industries in the United Kingdom, Algeria, Thailand, Oman, Kuwait, Iraq, the United Arab Emirates, the Netherlands, and internationally. It operates through three segments: Engineering & Construction (E&C); Asset Solutions; and Integrated Energy Services (IES).