Is Buying MNP PETROLEUM CORPORATION (OTCMKTS:MNAP), Having Higher Short Interest a Winning Strategy?

July 17, 2017 - By Maria Brooks

The stock of MNP PETROLEUM CORPORATION (OTCMKTS:MNAP) registered an increase of 38.46% in short interest. MNAP’s total short interest was 3,600 shares in July as published by FINRA. Its up 38.46% from 2,600 shares, reported previously. With 20,600 shares average volume, it will take short sellers 0 days to cover their MNAP’s short positions.

It closed at $0.0177 lastly. It is down 0.00% since July 17, 2016 and is . It has underperformed by 16.70% the S&P500.

MNP Petroleum Corporation is engaged in the business of exploring for gas and oil, primarily in Central and East Asia. The company has market cap of $2.83 million. The Firm is involved in the exploration projects in Tajikistan and Mongolia. It currently has negative earnings. The Firm has a working interest in over oil fields located in the Fergana basin in Tajikistan.

More recent MNP Petroleum Corp (OTCMKTS:MNAP) news were published by: Quotes.Wsj.com which released: “Lilis Energy Inc.” on December 02, 2013. Also Marketwired.com published the news titled: “Manas Petroleum Corporation Announces Corporate Name Change to MNP Petroleum …” on January 14, 2014. Marketwatch.com‘s news article titled: “0.0119” with publication date: April 22, 2011 was also an interesting one.

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