Spartan Delta Corp. (OTCMKTS:DALXF) Sees Large Growth in Short Interest

Spartan Delta Corp. (OTCMKTS:DALXF) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 1,580,800 shares, an increase of 34.0% from the February 28th total of 1,180,100 shares. Based on an average daily trading volume, of 253,800 shares, the days-to-cover ratio is presently 6.2 days.

Spartan Delta Stock Up 2.4 %

Spartan Delta stock traded up $0.06 during mid-day trading on Wednesday, reaching $2.40. The company’s stock had a trading volume of 31,100 shares, compared to its average volume of 70,959. The business’s 50 day simple moving average is $2.41 and its 200 day simple moving average is $2.50. Spartan Delta has a 12 month low of $1.88 and a 12 month high of $3.16.

About Spartan Delta

Spartan Delta Corp. engages in the exploration, development, and production of oil and natural gas reserves in the Western Canada. Its assets are located in Montney and Deep Basin. The company was formerly known as Return Energy Inc and changed its name to Spartan Delta Corp. in May 2020. The company was incorporated in 2006 and is headquartered in Calgary, Canada.