Petrofac Limited (OTCMKTS:POFCY) Sees Significant Decline in Short Interest

Petrofac Limited (OTCMKTS:POFCY) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 117,100 shares, a decrease of 31.3% from the February 28th total of 170,400 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 181,800 shares, the days-to-cover ratio is currently 0.6 days.

Petrofac Trading Down 5.0 %

Shares of POFCY stock traded down $0.00 during trading hours on Monday, hitting $0.04. 202,912 shares of the company’s stock were exchanged, compared to its average volume of 330,234. Petrofac has a fifty-two week low of $0.03 and a fifty-two week high of $3.27. The firm has a 50 day moving average of $0.04 and a two-hundred day moving average of $0.06.

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).