Triangle Petroleum Corporation June 15th Short Interest Update

Triangle Petroleum Corporation (NYSEMKT:TPLM) stated loss of 13,640 shares or 0.2% in the short interest. The short interest registered from 8,041,892 on May 31,2016 to 8,028,252 on June 15,2016. In terms of floated shares, the shorted positions stood at 11.6%. The stock has been averaging 9,141,133 shares daily in trading and would need 1 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Triangle Petroleum Corporation (NYSEMKT:TPLM): The stock opened at $0.32 on Friday but the bulls could not build on the opening and the stock topped out at $0.38 for the day. The stock traded down to $0.32 during the day, due to lack of any buying support eventually closed down at $0.36 with a loss of -10.45% for the day. The stock had closed at $0.40 on the previous day. The total traded volume was 6,886,163 shares.

The company shares have dropped -92.93% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $5.27 and the one year low was seen on Jun 1, 2016. The 50-Day Moving Average price is $0.32 and the 200 Day Moving Average price is recorded at $0.50.

Triangle Petroleum Corporation (NYSEMKT:TPLM) has tumbled 6.5% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 79.1% in the last four weeks. The stocks have underperformed the S&P 500 by 4.95% during the past week but Triangle Petroleum Corporation (NYSEMKT:TPLM) it has outperformed the index in 4 weeks by 84.52%.

Triangle Petroleum Corporation is an energy holding company. The Company has three principal lines of business: oil and natural gas exploration, development, and production; oilfield services, and midstream services. It conducts these activities in the Williston Basin of North Dakota and Montana through the Companys two principal wholly owned subsidiaries and its equity joint venture. Triangle USA Petroleum Corporation (TUSA) conducts its exploration and production operations by acquiring and developing unconventional shale oil and natural gas resources. RockPile Energy Services, LLC (RockPile) is a provider of hydraulic pressure pumping and complementary services. Caliber Midstream Partners, L.P. (Caliber) is its 28.3%-owned joint venture with First Reserve Energy Infrastructure Fund (FREIF). Caliber provides crude oil, natural gas and fresh and produced water gathering, processing, and transportation services.

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