Pason Systems Inc. (OTCMKTS:PSYTF) Short Interest Up 19.7% in October

Pason Systems Inc. (OTCMKTS:PSYTF) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 803,100 shares, an increase of 19.7% from the September 30th total of 670,800 shares. Based on an average trading volume of 75,500 shares, the short-interest ratio is presently 10.6 days.

Pason Systems Trading Down 0.8 %

PSYTF stock traded down $0.08 during mid-day trading on Wednesday, hitting $9.78. 5,175 shares of the stock were exchanged, compared to its average volume of 8,430. The business has a fifty day moving average price of $10.12 and a 200 day moving average price of $11.36. Pason Systems has a 12 month low of $9.31 and a 12 month high of $13.75.

Pason Systems Company Profile

Pason Systems Inc, together with its subsidiaries, provides instrumentation and data management systems for drilling rigs in Canada, the United States, and internationally. The company provides Electronic Drilling Recorder, which provides real-time drilling data to rig site personnel; DataHub with Pason Live, which is used as the central repository for data and reports captured at the rigs for real-time; and DataLink that provides automated in-house databases, third-party analytics platforms, remote geosteering, and other remote services.