TransAtlantic Petroleum Ltd (NYSEAMERICAN:TAT) (TSE:TNP) saw a significant growth in short interest in July. As of July 31st, there was short interest totalling 46,800 shares, a growth of 25.5% from the June 30th total of 37,300 shares. Based on an average daily volume of 35,300 shares, the short-interest ratio is presently 1.3 days. Approximately 0.2% of the shares of the stock are sold short.
TAT stock traded up $0.04 on Monday, hitting $0.78. 68,300 shares of the company were exchanged, compared to its average volume of 33,891. TransAtlantic Petroleum has a twelve month low of $0.65 and a twelve month high of $1.86.
In other TransAtlantic Petroleum news, CEO Noah Malone Mitchell III purchased 142,068 shares of TransAtlantic Petroleum stock in a transaction on Thursday, May 30th. The shares were bought at an average price of $0.80 per share, with a total value of $113,654.40. Following the completion of the acquisition, the chief executive officer now directly owns 1,604,731 shares of the company’s stock, valued at $1,283,784.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders acquired 7,160,459 shares of company stock worth $5,590,241 in the last ninety days.
About TransAtlantic Petroleum
TransAtlantic Petroleum Ltd., an oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties. As of December 31, 2017, it had interests in 5 onshore exploration licenses and 17 onshore production leases covering an area of 438,000 net acres with a total net proved reserves of 14,783 Mbbl of oil and 4,158 Mmcf of natural gas located in Turkey; and a production concession covering an area of approximately 163,000 net undeveloped acres located in Bulgaria.
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