TransAtlantic Petroleum Ltd (TAT) Sees Large Increase in Short Interest

TransAtlantic Petroleum Ltd (NYSEAMERICAN:TAT) (TSE:TNP) was the target of a significant increase in short interest in the month of December. As of December 29th, there was short interest totalling 163,789 shares, an increase of 19.5% from the December 15th total of 137,115 shares. Based on an average trading volume of 233,247 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.6% of the company’s shares are short sold.

Shares of TransAtlantic Petroleum (NYSEAMERICAN:TAT) opened at $1.25 on Friday. TransAtlantic Petroleum has a 12 month low of $0.58 and a 12 month high of $1.68. The firm has a market cap of $66.95, a price-to-earnings ratio of -2.31 and a beta of 1.77.

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TransAtlantic Petroleum Company Profile

TransAtlantic Petroleum Ltd. is a holding company. The Company is an international oil and natural gas company engaged in acquisition, exploration, development and production. Its segments include Turkey and Bulgaria. The Company holds interests in approximately 880,000 and 567,000 net acres of developed and undeveloped oil and natural gas properties in Turkey and Bulgaria, respectively.

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