Short Interest in Allied Resources, Inc. (OTCMKTS:ALOD) Expands By ∞

Allied Resources, Inc. (OTCMKTS:ALOD) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 63 shares, an increase of ∞ from the July 15th total of 0 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 33 shares, the days-to-cover ratio is presently 1.9 days.

Allied Resources Price Performance

ALOD opened at $0.16 on Friday. The firm’s 50 day moving average is $0.23 and its 200-day moving average is $0.23. Allied Resources has a 52-week low of $0.08 and a 52-week high of $0.27. The firm has a market capitalization of $910,215.00, a P/E ratio of 0.58 and a beta of 0.52.

Allied Resources (OTCMKTS:ALOD) last announced its earnings results on Thursday, May 14th. The company reported ($0.03) earnings per share for the quarter. Allied Resources had a net margin of 71.53% and a return on equity of 53.86%. The firm had revenue of $0.07 million during the quarter.

Allied Resources Company Profile

Allied Resources, Inc, an independent oil and natural gas producer, engages in the exploration, development, production, and sale of oil and gas in the United States. It owns varying interests in a total of 145 wells situated on acreage of approximately 3,400 acres in Ritchie and Calhoun counties, West Virginia; and 10 wells situated on acreage of approximately 2,510 acres in Goliad, Edwards, and Jackson counties, Texas. The company was formerly known as General Allied Oil and Gas Co and changed its name to Allied Resources, Inc in August 1998.