Plastic2Oil, Inc. (OTCMKTS:PTOI) was the target of a large decrease in short interest in the month of May. As of May 14th, there was short interest totalling 1,300 shares, a decrease of 83.3% from the April 29th total of 7,800 shares. Based on an average trading volume of 207,600 shares, the short-interest ratio is presently 0.0 days.
OTCMKTS:PTOI traded up $0.00 during trading hours on Thursday, reaching $0.03. 95,345 shares of the company traded hands, compared to its average volume of 128,289. The firm’s 50-day moving average is $0.03 and its 200-day moving average is $0.03. Plastic2Oil has a 1-year low of $0.01 and a 1-year high of $0.06.
About Plastic2Oil
Plastic2Oil, Inc engages in the transforming waste plastics to oil and other fuel products in the United States. It produces light and heavy fuel products, such as naphtha, fuel oil No. 2 and fuel oil No. 6. The company also produces by-products, including a reusable off-gas similar to natural gas and a carbon residue known as petcoke.
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