FIELDPOINT PETROLEUM CORP (OTCMKTS:FPPP) Could Burn Your Long Portfolio After More Shorts

The stock of FIELDPOINT PETROLEUM CORP (OTCMKTS:FPPP) registered an increase of 15.38% in short interest. FPPP’s total short interest was 4,500 shares in December as published by FINRA. Its up 15.38% from 3,900 shares, reported previously. With 2,200 shares average volume, it will take short sellers 2 days to cover their FPPP’s short positions.

The stock decreased 3.10% or $0.004 during the last trading session, reaching $0.1249. About 6,100 shares traded. FieldPoint Petroleum Corporation (OTCMKTS:FPPP) has 0.00% since December 8, 2017 and is . It has underperformed by 15.62% the S&P500.

FieldPoint Petroleum Corporation engages in the acquisition, development, and operation of oil and natural gas properties in the United States. The company has market cap of $1.33 million. The Company’s principal properties include Block A-49, Spraberry Trend, and Serbin Field, Texas; Flying M Field, Sulimar Field, North Bilbrey Field, Lusk Field, and Loving North Morrow Field, New Mexico; Apache Field, Chickasha Field, and West Allen Field, Oklahoma; Longwood Field, Louisiana; and Big Muddy Field, Wyoming. It has a 6.25 P/E ratio. As of December 31, 2016, the Company had varying ownership interests in 462 gross wells .

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.