Genel Energy plc (OTCMKTS:GEGYF) Short Interest Down 34.4% in April
by Jessica Moore · The Cerbat GemGenel Energy plc (OTCMKTS:GEGYF – Get Free Report) saw a large decrease in short interest in April. As of April 15th, there was short interest totaling 1,780 shares, a decrease of 34.4% from the March 31st total of 2,715 shares. Based on an average daily trading volume, of 900 shares, the days-to-cover ratio is presently 2.0 days.
Genel Energy Price Performance
OTCMKTS GEGYF remained flat at $0.77 during trading hours on Tuesday. The company’s stock had a trading volume of 6,000 shares, compared to its average volume of 6,444. Genel Energy has a fifty-two week low of $0.66 and a fifty-two week high of $1.05. The company’s 50 day moving average is $0.79 and its 200 day moving average is $0.82.
About Genel Energy
Genel Energy is an independent oil and gas exploration and production company with a primary focus on the Kurdistan Region of Iraq. The company’s upstream portfolio encompasses operated and non-operated interests in producing fields and exploration licences. Its technical expertise is centered on maximizing recovery from established reservoirs and advancing near-term development projects.
Genel Energy’s principal producing assets include interests in the Taq Taq and Tawke licences, which have delivered sustained output of crude oil since the early 2010s.