Topaz Energy Corp. (OTCMKTS:TPZEF) Stock Short Interest Report for October

Topaz Energy Corp. (OTCMKTS:TPZEF) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 960,442 shares, a decline of 51.1% from the September 30th total of 1,965,528 shares. Based on an average trading volume of 69,258 shares, the short-interest ratio is presently 13.9 days.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TPZEF shares. Scotiabank reaffirmed an “outperform” rating on shares of Topaz Energy in a research report on Friday, July 17th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Topaz Energy in a research note on Friday, October 9th. Four investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Topaz Energy Stock Up 0.4%

Topaz Energy stock opened at $22.33 on Friday. The business’s 50-day moving average price is $21.68 and its 200 day moving average price is $22.12. Topaz Energy has a 52 week low of $17.44 and a 52 week high of $24.42.

About Topaz Energy

Topaz Energy Corp. is a Canadian energy infrastructure and royalty company focused on generating revenue from long-life assets in the Western Canadian Sedimentary Basin. The company provides investors with exposure to oil and natural gas production without operating a conventional exploration and production business.

Topaz owns royalty interests in oil, natural gas and natural gas liquids properties, allowing it to receive a share of production revenues from underlying assets. It also owns interests in energy infrastructure, including natural gas processing and related midstream facilities, which support the transportation and processing of hydrocarbons produced in Western Canada.

The company’s portfolio is concentrated primarily in Alberta and British Columbia, where it partners with established energy producers and infrastructure operators.