After Reaching Milestone, Is PLASTIC2OIL INCORPORATED (OTCMKTS:PTOI)’s Short Interest Revealing Something?

July 19, 2017 - By Louis Casey

The stock of PLASTIC2OIL INCORPORATED (OTCMKTS:PTOI) registered an increase of 188.24% in short interest. PTOI’s total short interest was 19,600 shares in July as published by FINRA. Its up 188.24% from 6,800 shares, reported previously. With 280,600 shares average volume, it will take short sellers 0 days to cover their PTOI’s short positions.

The stock decreased 0.87% or $0.0002 on July 19, reaching $0.0228. About 20,000 shares traded. Plastic2Oil Inc (OTCMKTS:PTOI) has 0.00% since July 19, 2016 and is . It has underperformed by 16.70% the S&P500.

Plastic2Oil, Inc. manufactures processors, which produce fuel products mainly from unsorted, unwashed waste plastics for distribution across various markets. The company has market cap of $3.10 million. The Firm operates through two divisions: Plastic2Oil (P2O) and the Data Business. It currently has negative earnings. The Company’s P2O solution segment makes and sells processors, as well as sells the fuel produced through its processors.

More notable recent Plastic2Oil Inc (OTCMKTS:PTOI) news were published by: Marketwired.com which released: “Plastic2Oil CEO Provides Update to Shareholders” on May 01, 2017, also Seekingalpha.com with their article: “JBI And Plastic2Oil: A Colossal Wreck” published on November 27, 2013, Marketwired.com published: “Plastic2Oil Announces Business Update” on September 13, 2016. More interesting news about Plastic2Oil Inc (OTCMKTS:PTOI) were released by: Marketwired.com and their article: “Letter to Plastic2Oil Stockholders From Richard Heddle, Chief Executive Officer” published on March 08, 2016 as well as Seekingalpha.com‘s news article titled: “John Bordynuik: Revolutionary Company Or Can Of Worms?” with publication date: January 12, 2012.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: