It Seems FIELDPOINT PETROLEUM CORP (OTCMKTS:FPPP) Will Go Up. Just Reported Less Shorted Shares

July 27, 2018 - By Vernon Prom

The stock of FIELDPOINT PETROLEUM CORP (OTCMKTS:FPPP) registered a decrease of 6.15% in short interest. FPPP’s total short interest was 6,100 shares in July as published by FINRA. Its down 6.15% from 6,500 shares, reported previously. With 3,900 shares average volume, it will take short sellers 2 days to cover their FPPP’s short positions. The short interest to FIELDPOINT PETROLEUM CORP’s float is 0.11%.

The stock decreased 3.86% or $0.01 during the last trading session, reaching $0.2. About shares traded. FieldPoint Petroleum Corporation (OTCMKTS:FPPP) has 0.00% since July 27, 2017 and is . It has underperformed by 12.57% the S&P500.

FieldPoint Petroleum Corporation engages in the acquisition, development, and operation of oil and natural gas properties in the United States. The company has market cap of $2.13 million. The Company’s principal properties include Block A-49, Spraberry Trend, and Serbin Field, Texas; Flying M Field, Sulimar Field, North Bilbrey Field, Lusk Field, and Loving North Morrow Field, New Mexico; Apache Field, Chickasha Field, and West Allen Field, Oklahoma; Longwood Field, Louisiana; and Big Muddy Field, Wyoming. It has a 0.75 P/E ratio. As of December 31, 2016, the Company had varying ownership interests in 462 gross wells .

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