Delek Group Ltd. (OTCMKTS:DELKY) Stock Short Interest Falls 51.8%
by Mitch Edgeman · The Markets DailyDelek Group Ltd. (OTCMKTS:DELKY – Get Free Report) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 499 shares, a drop of 51.8% from the September 15th total of 1,035 shares. Based on an average daily volume of 414 shares, the short-interest ratio is presently 1.2 days.
Delek Group Stock Performance
Shares of OTCMKTS:DELKY remained flat at $28.07 during trading on Wednesday. The stock had a trading volume of 265 shares, compared to its average volume of 1,189. The company has a 50 day moving average of $28.34 and a two-hundred day moving average of $31.16. Delek Group has a 12-month low of $23.78 and a 12-month high of $54.00.
Delek Group Company Profile
Delek Group Ltd. is an Israel-based holding company focused primarily on energy and infrastructure investments. Its activities include the exploration, development, production, and sale of natural gas and crude oil, as well as related energy services and assets.
The group’s portfolio has included interests in NewMed Energy, formerly known as Delek Drilling, which is involved in natural-gas exploration and production in the Eastern Mediterranean, including the offshore Leviathan and Tamar fields.