Allied Resources, Inc. (OTCMKTS:ALOD) Sees Significant Growth in Short Interest

Allied Resources, Inc. (OTCMKTS:ALOD) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 63 shares, an increase of ∞ from the July 15th total of 0 shares. Based on an average trading volume of 33 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.0% of the company’s shares are short sold.

Allied Resources Stock Performance

ALOD opened at $0.16 on Tuesday. The company has a fifty day moving average price of $0.23 and a two-hundred day moving average price of $0.22. The firm has a market capitalization of $910,215.00, a PE ratio of 0.58 and a beta of 0.52. Allied Resources has a 52 week low of $0.08 and a 52 week high of $0.27.

About Allied Resources

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. The company was formerly known as General Allied Oil and Gas Co and changed its name to Allied Resources, Inc in August 1998.