Pason Systems Inc. (OTCMKTS:PSYTF) Short Interest Down 13.8% in December

Pason Systems Inc. (OTCMKTS:PSYTF) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 601,700 shares, a decline of 13.8% from the November 30th total of 698,300 shares. Based on an average daily volume of 33,400 shares, the days-to-cover ratio is currently 18.0 days.

Pason Systems Trading Down 9.8 %

OTCMKTS:PSYTF opened at $9.24 on Monday. The company has a fifty day moving average of $10.07 and a 200 day moving average of $10.88. Pason Systems has a 52 week low of $9.09 and a 52 week 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.