Short Interest in Allied Resources, Inc. Surges 416.7% in September

Allied Resources, Inc. (OTCMKTS:ALOD) experienced a remarkable increase in short interest during September 2023. According to recent reports, the total short interest reached **3,100 shares** by September 30, marking a dramatic rise of **416.7%** from the **600 shares** reported on September 15.

This surge indicates heightened investor skepticism about the company’s future performance. With an average daily trading volume of **14,700 shares**, the current short-interest ratio stands at **0.2 days**, suggesting that short sellers are actively betting against the stock.

Stock Performance Overview

On the trading front, shares of Allied Resources opened at **$0.25** on Friday. Over the past year, the stock has fluctuated significantly, hitting a low of **$0.08** and a high of **$0.27**. This volatility reflects a broader uncertainty in the market regarding the company’s prospects.

The company’s moving averages further illustrate its performance trends. The **50-day simple moving average** is recorded at **$0.16**, while the **200-day simple moving average** sits at **$0.13**. These metrics provide insight into the stock’s recent stability and overall trajectory.

Investors considering Allied Resources are advised to monitor these fluctuations closely, as they may influence trading decisions in the weeks ahead. The significant increase in short interest could signal investor concerns or a strategic positioning by traders anticipating future price movements.

In summary, the dramatic rise in short interest for Allied Resources, Inc. underscores the complexities facing the company. With its share price hovering around **$0.25**, stakeholders will be watching closely to see how these developments play out in the coming months.