What Will Happen to PLEDGE PETROLEUM CORP (OTCMKTS:PROP) Next? The Stock Has Increase in Shorts

August 10, 2018 - By Ash Ash

Pledge Petroleum Corp. (OTCMKTS:PROP) Logo

The stock of PLEDGE PETROLEUM CORP (OTCMKTS:PROP) registered an increase of 3075% in short interest. PROP’s total short interest was 12,700 shares in August as published by FINRA. Its up 3075% from 400 shares, reported previously. With 102,500 shares average volume, it will take short sellers 0 days to cover their PROP’s short positions. The short interest to PLEDGE PETROLEUM CORP’s float is 0.01%.

The stock increased 15.47% or $0.00099 during the last trading session, reaching $0.00739. About 136,000 shares traded or 91.80% up from the average. Pledge Petroleum Corp. (OTCMKTS:PROP) has 0.00% since August 10, 2017 and is . It has underperformed by 12.57% the S&P500.

Pledge Petroleum Corp. focuses on the acquisition of various oil producing fields. The company has market cap of $1.73 million. The firm was formerly known as Propell Technologies Group, Inc. and changed its name to Pledge Petroleum Corp. in February 2017. It currently has negative earnings.

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