Peninsula Energy Limited (OTCMKTS:PENMF) Sees Significant Growth in Short Interest

Peninsula Energy Limited (OTCMKTS:PENMF – Get Rating) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 65,000 shares, an increase of 2,066.7% from the April 30th total of 3,000 shares. Based on an average daily volume of 886,300 shares, the short-interest ratio is currently 0.1 days.

Separately, Zacks Investment Research lowered shares of Peninsula Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, March 15th.

Shares of OTCMKTS:PENMF traded up $0.00 during trading on Wednesday, reaching $0.13. 206,795 shares of the company traded hands, compared to its average volume of 419,411. Peninsula Energy has a 1-year low of $0.08 and a 1-year high of $0.28. The firm has a fifty day simple moving average of $0.16 and a 200 day simple moving average of $0.16.

Peninsula Energy Company Profile (Get Rating)

Peninsula Energy Limited, together with its subsidiaries, engages in the exploration, development, and mining of uranium deposits in the United States. Its flagship project is its 100% owned Lance uranium project located in Wyoming. The company was formerly known as Peninsula Minerals Limited and changed its name to Peninsula Energy Limited in November 2010.

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