Spartan Delta Corp. (OTCMKTS:DALXF) Sees Large Growth in Short Interest

Spartan Delta Corp. (OTCMKTS:DALXF) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 3,201,100 shares, an increase of 12.7% from the October 15th total of 2,841,100 shares. Based on an average daily volume of 14,000 shares, the short-interest ratio is presently 228.7 days.

Spartan Delta Price Performance

DALXF stock remained flat at $2.40 during mid-day trading on Friday. The company’s stock had a trading volume of 42,075 shares, compared to its average volume of 19,993. Spartan Delta has a 52-week low of $1.95 and a 52-week high of $3.16. The firm’s 50 day simple moving average is $2.65 and its two-hundred day simple moving average is $2.86.

Spartan Delta Company Profile

Spartan Delta Corp. engages in the exploration, development, and production of oil and natural gas reserves in the Western Canada. Its assets are located in Montney and Deep Basin. The company was formerly known as Return Energy Inc and changed its name to Spartan Delta Corp. in May 2020. The company was incorporated in 2006 and is headquartered in Calgary, Canada.