Torchlight Energy Resources Inc. (NASDAQ:TRCH) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totaling 791,301 shares, a growth of 32.1% from the October 14th total of 599,158 shares. Currently, 2.6% of the company's stock are sold short. Based on an average daily volume of 264,917 shares, the days-to-cover ratio is currently 3.0 days.

Torchlight Energy Resources (NASDAQ:TRCH) opened at 0.95 on Friday. The firm's market capitalization is $45.14 million. The company's 50-day moving average price is $0.92 and its 200 day moving average price is $0.96. Torchlight Energy Resources has a 1-year low of $0.42 and a 1-year high of $1.75.

Torchlight Energy Resources Company Profile

Torchlight Energy Resources, Inc (Torchlight) is engaged in the acquisition, exploration, exploitation and/or development of oil and natural gas properties in the United States. The Company focuses on drilling and working interest programs within the United States. The Company has interests in approximately four oil and gas projects: the Marcelina Creek Field Development in Wilson County, Texas; the Ring Energy Joint Venture in Southwest Kansas; Hunton wells in partnership with Husky Ventures in Central Oklahoma, and the Orogrande Project in Hudspeth County, Texas. Mining News Video Reporter