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Pharos Energy PLC (OTCMKTS:SOCLF - Get Free Report) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 6,957 shares, a growth of 92.3% from the August 31st total of 3,618 shares. Based on an average daily volume of 1,700 shares, the short-interest ratio

Ratio Petroleum Energy has raised its recommended offer for Pharos Energy (LSE:PHAR) to 32.8183p per share, trumping a rival bid from Serica Energy PLC (AIM:SQZ) and valuing the company at around £146.4 million. The revised terms comprise 28.8183p in cash plus a 4p special dividend.

Israel-based Ratio Petroleum Energy raised its takeover bid for Pharos Energy to about £146.4 ​million ($196.97 million) on Friday, outbidding rival oil ‌producer Serica Energy and winning back the board's recommendation.