PAREX RESOURCES INC ORDINARY SHARES CAN (OTCMKTS:PARXF) Just Reported Increased Shorts

August 9, 2018 - By Mark Babin

The stock of PAREX RESOURCES INC ORDINARY SHARES CAN (OTCMKTS:PARXF) registered an increase of 8.73% in short interest. PARXF’s total short interest was 1.14M shares in August as published by FINRA. Its up 8.73% from 1.05 million shares, reported previously. With 46,800 shares average volume, it will take short sellers 24 days to cover their PARXF’s short positions. The short interest to PAREX RESOURCES INC ORDINARY SHARES CAN’s float is 0.77%.

The stock decreased 2.62% or $0.47 during the last trading session, reaching $17.48. About shares traded. Parex Resources Inc. (OTCMKTS:PARXF) has 0.00% since August 9, 2017 and is . It has underperformed by 12.57% the S&P500.

Parex Resources Inc. engages in the exploration, development, production, and marketing of oil and natural gas in South America. The company has market cap of $2.73 billion. It holds interests in onshore exploration and production blocks totaling approximately 2,091,404 gross acres in Colombia. It has a 14.8 P/E ratio. The firm has proved plus probable reserves of 41.1 million barrels of oil equivalent.

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