Short Interest in Allied Resources, Inc. (OTCMKTS:ALOD) Rises By 416.7%

Allied Resources, Inc. (OTCMKTS:ALOD) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 3,100 shares, an increase of 416.7% from the September 15th total of 600 shares. Based on an average trading volume of 14,700 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 14,700 shares, the short-interest ratio is currently 0.2 days.

Allied Resources Stock Performance

ALOD stock opened at $0.25 on Friday. The business’s fifty day moving average price is $0.16 and its 200 day moving average price is $0.14. Allied Resources has a 12-month low of $0.08 and a 12-month high of $0.27.

Allied Resources Company Profile

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.