Allied Resources, Inc. (OTCMKTS:ALOD) Short Interest Up 66.7% in April

Allied Resources, Inc. (OTCMKTS:ALOD) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 500 shares, an increase of 66.7% from the March 31st total of 300 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 5.0 days.

Allied Resources Price Performance

OTCMKTS:ALOD opened at $0.09 on Tuesday. Allied Resources has a 1-year low of $0.09 and a 1-year high of $0.20. The firm has a 50-day moving average of $0.11 and a two-hundred day moving average of $0.13. The stock has a market cap of $480,505.00, a P/E ratio of -2.13 and a beta of 0.37.

Allied Resources (OTCMKTS:ALOD) last announced its quarterly earnings data on Monday, April 14th. The company reported ($0.01) earnings per share for the quarter. Allied Resources had a negative net margin of 145.27% and a negative return on equity of 10.45%. The firm had revenue of $0.03 million during the quarter.

About Allied Resources

Allied Resources, Inc, an independent oil and natural gas producer, engages in the exploration, development, production, and sale of oil and gas in the United States. It owns varying interests in a total of 145 wells situated on acreage of approximately 3,400 acres in Ritchie and Calhoun counties, West Virginia; and 10 wells situated on acreage of approximately 2,510 acres in Goliad, Edwards, and Jackson counties, Texas.