After Reaching Milestone, Is TRINIDAD DRILLING LTD ORDINARY SHARES C (OTCMKTS:TDGCF)’s Short Interest Revealing Something?

September 30, 2018 - By Margaret Guttierez

Trinidad Drilling Ltd. (OTCMKTS:TDGCF) Logo

The stock of TRINIDAD DRILLING LTD ORDINARY SHARES C (OTCMKTS:TDGCF) registered a decrease of 18.58% in short interest. TDGCF’s total short interest was 855,800 shares in September as published by FINRA. Its down 18.58% from 1.05M shares, reported previously. With 8,000 shares average volume, it will take short sellers 107 days to cover their TDGCF’s short positions.

It closed at $1.4248 lastly. It is down 0.00% since September 30, 2017 and is . It has underperformed by 15.62% the S&P500.

Trinidad Drilling Ltd. designs, builds, and operates drilling rigs for the gas and oil industry primarily in Canada, the United States, and internationally. The company has market cap of $390.59 million. It provides land drilling services. It currently has negative earnings. As of December 31, 2016, the firm operated 72 rigs in Canada; and 67 rigs in the United States and internationally.

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