It Seems Transglobe Energy Corporation – Ordinary Shares (NASDAQ:TGA) Will Go Up. Just Reported Less Shorted Shares

July 14, 2018 - By Robert Sims

The stock of Transglobe Energy Corporation – Ordinary Shares (NASDAQ:TGA) registered a decrease of 28.57% in short interest. TGA’s total short interest was 14,500 shares in July as published by FINRA. Its down 28.57% from 20,300 shares, reported previously. With 144,600 shares average volume, it will take short sellers 0 days to cover their TGA’s short positions. The short interest to Transglobe Energy Corporation – Ordinary Shares’s float is 0.02%.

The stock increased 7.71% or $0.29 during the last trading session, reaching $4.05. About 1.78 million shares traded or 259.82% up from the average. TransGlobe Energy Corporation (NASDAQ:TGA) has risen 53.38% since July 14, 2017 and is uptrending. It has outperformed by 40.81% the S&P500.

TransGlobe Energy Corporation, through its subsidiaries, explores for, develops, and produces natural gas and crude oil liquids in Egypt and Canada. The company has market cap of $292.43 million. It holds working interests in West Gharib, West Bakr, North West Gharib, South West Gharib, South East Gharib, South Ghazalat, South Alamein, and North West Sitra production sharing contracts. It currently has negative earnings.

More notable recent TransGlobe Energy Corporation (NASDAQ:TGA) news were published by: Benzinga.com which released: “44 Biggest Movers From Yesterday” on July 12, 2018, also Nasdaq.com with their article: “Mid-Day Market Update: Dow Rises 100 Points; Auris Medical Shares Slide” published on July 13, 2018, Nasdaq.com published: “TransGlobe Energy Corporation Announces Mid-Q2 2018 Update” on June 22, 2018. More interesting news about TransGlobe Energy Corporation (NASDAQ:TGA) were released by: Nasdaq.com and their article: “TransGlobe Energy Corporation Announces Admission to Trading on AIM” published on June 29, 2018 as well as Nasdaq.com‘s news article titled: “Mid-Morning Market Update: Markets Open Higher; Acuity Brands Beats Q3 Expectations” with publication date: July 03, 2018.

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