Is Buying BNK PETROLEUM INC COMMON SHARES CANADA (OTCMKTS:BNKPF), Having Higher Short Interest a Winning Strategy?

May 18, 2018 - By Vivian Park

BNK Petroleum Inc. (OTCMKTS:BNKPF) Logo

The stock of BNK PETROLEUM INC COMMON SHARES CANADA (OTCMKTS:BNKPF) registered an increase of 1.79% in short interest. BNKPF’s total short interest was 113,500 shares in May as published by FINRA. Its up 1.79% from 111,500 shares, reported previously. With 9,600 shares average volume, it will take short sellers 12 days to cover their BNKPF’s short positions. The short interest to BNK PETROLEUM INC COMMON SHARES CANADA’s float is 0.06%.

The stock decreased 0.04% or $0.0002 during the last trading session, reaching $0.5097. About shares traded. BNK Petroleum Inc. (OTCMKTS:BNKPF) has 0.00% since May 18, 2017 and is . It has underperformed by 11.55% the S&P500.

BNK Petroleum Inc. engages in the acquisition, exploration, and production of unconventional gas and oil resource plays in the United States, Canada, Poland, Spain, Germany, France, and the Netherlands. The company has market cap of $119.95 million. The firm produces crude oil, natural gas, and natural gas liquids. It currently has negative earnings. It develops and exploits its Tishomingo Shale oil property.

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