TransAtlantic Petroleum Ltd (NYSE:TAT) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 523,423 shares, an increase of 22.6% from the December 31st total of 427,106 shares, ARN reports. Based on an average trading volume of 51,680 shares, the short-interest ratio is currently 10.1 days. Approximately 2.0% of the company’s shares are short sold.

In related news, major shareholder Nokomis Capital, L.L.C. acquired 197,278 shares of the firm’s stock in a transaction dated Thursday, January 14th. The shares were purchased at an average cost of $1.11 per share, for a total transaction of $218,978.58. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of TransAtlantic Petroleum (NYSE:TAT) opened at 0.9526 on Friday. The firm has a market cap of $38.76 million and a price-to-earnings ratio of 14.2179. The firm has a 50-day moving average price of $1.06 and a 200-day moving average price of $2.28. TransAtlantic Petroleum has a 52-week low of $0.59 and a 52-week high of $6.18.

TAT has been the topic of several recent research reports. TD Securities downgraded shares of TransAtlantic Petroleum to a “hold” rating in a research note on Monday, January 4th. Zacks Investment Research downgraded shares of TransAtlantic Petroleum from a “hold” rating to a “sell” rating in a research note on Thursday, November 5th.

TransAtlantic Petroleum Ltd. is an international oil and natural gas company engaged in acquisition, exploration, development and production. The Company has operations in Turkey, Bulgaria and Albania. As of December 31, 2014, it held interests in approximately 1.8 million net acres of developed and undeveloped oil and natural gas properties in Turkey, Albania and Bulgaria. Its three geographic segments include Turkey, Bulgaria and Albania. The Turkey segment includes holding interests in 19 onshore and offshore exploration licenses and 20 onshore production leases covering a total of 1.8 million gross acres (NYSE:TAT). The Bulgaria segment includes holding interests in one onshore exploration concession and one onshore production concession covering a total of 567,000 acres in Bulgaria. The Albania segment includes owning 100% of the interests in three onshore oil fields and one gas concession consisting of one onshore gas field and one exploration license.

12 Month Chart for NYSE:TAT

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