PLASTIC2OIL INC (OTCMKTS:PTOI) Shorts Decreased by 51.92% After Short Covering

August 10, 2018 - By Jeanette Kaplan

The stock of PLASTIC2OIL INC (OTCMKTS:PTOI) registered a decrease of 51.92% in short interest. PTOI’s total short interest was 5,000 shares in August as published by FINRA. Its down 51.92% from 10,400 shares, reported previously. With 85,700 shares average volume, it will take short sellers 0 days to cover their PTOI’s short positions.

The stock increased 17.78% or $0.0024 during the last trading session, reaching $0.0159. About 25,650 shares traded. Plastic2Oil, Inc. (OTCMKTS:PTOI) has 0.00% since August 10, 2017 and is . It has underperformed by 12.57% the S&P500.

Plastic2Oil, Inc., a fuel company, engages in transforming unsorted and unwashed waste plastic into sulphur fuel in the United States. The company has market cap of $1.98 million. The firm operates through two divisions, P2O Solution and Data Storage and Recovery. It currently has negative earnings. It uses waste plastic as feedstock to produce Fuel Oil No. 2, naphtha, and Fuel Oil No. 6 for various uses.

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