Short Interest Worth Mentioning Today: A Reversal for ALANCO TECH INCORPORATED (OTCMKTS:ALAN) Is Not Near. The Stock Has Rise in Shorts

November 24, 2016 - By Dolores Ford   ·   0 Comments

Short Interest Worth Mentioning Today: A Reversal for ALANCO TECH INCORPORATED (OTCMKTS:ALAN) Is Not Near. The Stock Has Rise in Shorts

The stock of ALANCO TECH INCORPORATED (OTCMKTS:ALAN) registered an increase of 117.14% in short interest. ALAN’s total short interest was 7,600 shares in November as published by FINRA. Its up 117.14% from 3,500 shares, reported previously. With 8,000 shares average volume, it will take short sellers 1 days to cover their ALAN’s short positions. The stock closed at $0.16 during the last session. It is down 5.88% since April 22, 2016 and is downtrending. It has underperformed by 11.29% the S&P500.

Alanco Technologies, Inc. has two oil and gas assets in Western Colorado owned by Alanco Energy Services, Inc. , a subsidiary of the Company. The company has a market cap of $797,180. The first is the Deer Creek water treatment and disposal facility located in Whitewater, Colorado. It currently has negative earnings. AES has developed the Deer Creek site with approximately eight acres of evaporation ponds for the treatment and disposal of produced water generated by gas and oil producers in Western Colorado.

ALAN Company Profile

Alanco Technologies, Inc. (Alanco), incorporated on June 11, 1969, has two gas and oil assets in Western Colorado owned by Alanco Energy Services, Inc. (AES), a subsidiary of the Company. The first is the Deer Creek water treatment and disposal facility located in Whitewater, Colorado. AES has developed the Deer Creek site with approximately eight acres of evaporation ponds for the treatment and disposal of produced water generated by gas and oil producers in Western Colorado. The Deer Creek disposal facility has an annual evaporative capacity of approximately 300,000 barrels, excluding any evaporation methods. The second is an undeveloped 160 acre owned site, known as Indian Mesa, which is permitted for evaporation ponds and in the permitting process for waste disposal, including naturally occurring radioactive materials (NORM) and technically enhanced NORM (TENORM). Indian Mesa is located approximately three miles from the Deer Creek site.

More important recent Alanco Technologies, Inc. (OTCMKTS:ALAN) news were published by: Prnewswire.com which released: “Alanco Technologies, Inc. to Launch Behavioral Health Subsidiary” on August 22, 2016, also Prnewswire.com published article titled: “Alanco Announces Agreement To Acquire Bella Monte Recovery”, Seekingalpha.com published: “Top Picks of Guru Robert Bruce’s Mutual Fund” on June 07, 2011. More interesting news about Alanco Technologies, Inc. (OTCMKTS:ALAN) was released by: Dividend.com and their article: “STX Seagate Technology” with publication date: July 03, 2008.

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By Dolores Ford


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