Allied Resources, Inc. (OTCMKTS:ALOD) Short Interest Up 200.0% in January

Allied Resources, Inc. (OTCMKTS:ALOD) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 300 shares, an increase of 200.0% from the January 15th total of 100 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 3.0 days.

Allied Resources Price Performance

Allied Resources stock remained flat at $0.12 during mid-day trading on Wednesday. Allied Resources has a fifty-two week low of $0.09 and a fifty-two week high of $0.20. The company has a market cap of $649,750.00, a PE ratio of -2.88 and a beta of 0.52. The company has a fifty day moving average price of $0.09 and a 200 day moving average price of $0.12.

Allied Resources Company Profile

Allied Resources, Inc, an independent oil and natural gas producer, engages in the exploration, development, production, and sale of oil and gas in the United States. It owns varying interests in a total of 145 wells situated on acreage of approximately 3,400 acres in Ritchie and Calhoun counties, West Virginia; and 10 wells situated on acreage of approximately 2,510 acres in Goliad, Edwards, and Jackson counties, Texas.