TransAtlantic Petroleum Ltd (NYSEAMERICAN:TAT) (TSE:TNP) was the target of a significant growth in short interest in December. As of December 29th, there was short interest totalling 163,789 shares, a growth of 19.5% from the December 15th total of 137,115 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily volume of 233,247 shares, the days-to-cover ratio is presently 0.7 days.
TransAtlantic Petroleum (NYSEAMERICAN:TAT) traded up $0.02 during midday trading on Wednesday, hitting $1.29. 87,600 shares of the stock were exchanged, compared to its average volume of 148,083. The stock has a market capitalization of $66.95, a price-to-earnings ratio of -2.39 and a beta of 1.77. TransAtlantic Petroleum has a 1-year low of $0.58 and a 1-year high of $1.68.
About TransAtlantic Petroleum
TransAtlantic Petroleum Ltd. is a holding company. The Company is an international oil and natural gas company engaged in acquisition, exploration, development and production. Its segments include Turkey and Bulgaria. The Company holds interests in approximately 880,000 and 567,000 net acres of developed and undeveloped oil and natural gas properties in Turkey and Bulgaria, respectively.
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