Transatlantic Petroleum Ltd June 15th Short Interest Update

Transatlantic Petroleum Ltd (NYSEMKT:TAT), A reduction of 19,157 shares or 2.3% was observed in the short interest of Transatlantic Petroleum Ltd The interest on June 15,2016 came in at 803,031 shares and as per the average daily trading of 101,613 shares, the days to cover are 8. The reduced interest is 3.7% of the floated shares. The data of May 31,2016 put the interest at 822,188 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Transatlantic Petroleum Ltd (NYSEMKT:TAT): The stock opened at $0.95 on Friday but the bulls could not build on the opening and the stock topped out at $0.95 for the day. The stock traded down to $0.87 during the day, due to lack of any buying support eventually closed down at $0.88 with a loss of -10.24% for the day. The stock had closed at $0.98 on the previous day. The total traded volume was 2,027,522 shares.

The company shares have dropped -82.44% from its 1 Year high price. On Jul 2, 2015, the shares registered one year high at $5.40 and the one year low was seen on Mar 2, 2016. The 50-Day Moving Average price is $0.93 and the 200 Day Moving Average price is recorded at $0.91.

Transatlantic Petroleum Ltd (NYSEMKT:TAT) has tumbled 8.07% during the past week and has dropped 3.92% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 6.55%. Transatlantic Petroleum Ltd (NYSEMKT:TAT) has underperformed the index by 1.01% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

TransAtlantic Petroleum Ltd. is an international oil and natural gas company engaged in acquisition, exploration, development and production. The Company has operations in Turkey, Bulgaria and Albania. As of December 31, 2014, it held interests in approximately 1.8 million net acres of developed and undeveloped oil and natural gas properties in Turkey, Albania and Bulgaria. Its three geographic segments include Turkey, Bulgaria and Albania. The Turkey segment includes holding interests in 19 onshore and offshore exploration licenses and 20 onshore production leases covering a total of 1.8 million gross acres (1.1 million net acres). The Bulgaria segment includes holding interests in one onshore exploration concession and one onshore production concession covering a total of 567,000 acres in Bulgaria. The Albania segment includes owning 100% of the interests in three onshore oil fields and one gas concession consisting of one onshore gas field and one exploration license.

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