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

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

Trio Petroleum Trading Up 3.3 %

TPET traded up $0.04 on Wednesday, hitting $1.27. 107,305 shares of the company’s stock were exchanged, compared to its average volume of 4,637,310. The company’s fifty day simple moving average is $1.56. Trio Petroleum has a twelve month low of $0.79 and a twelve month high of $14.39. The firm has a market capitalization of $8.55 million, a price-to-earnings ratio of -0.29 and a beta of -7.73.

Institutional Trading of Trio Petroleum

A hedge fund recently bought a new stake in Trio Petroleum stock. Integrity Wealth Advisors Inc. acquired a new stake in Trio Petroleum Corp. (NYSEAMERICAN:TPET) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 29,000 shares of the company’s stock, valued at approximately $35,000. Integrity Wealth Advisors Inc. owned about 0.43% of Trio Petroleum as of its most recent SEC filing. 0.34% of the stock is currently owned by hedge funds and other institutional investors.

About Trio Petroleum

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.