Short Interest in Genel Energy plc (OTCMKTS:GEGYF) Drops By 98.2%
by Renee Jackson · The Cerbat GemGenel Energy plc (OTCMKTS:GEGYF – Get Free Report) saw a large decline in short interest in May. As of May 15th, there was short interest totaling 200 shares, a decline of 98.2% from the April 30th total of 11,272 shares. Based on an average trading volume of 1,455 shares, the short-interest ratio is currently 0.1 days.
Genel Energy Price Performance
OTCMKTS GEGYF remained flat at $0.69 on Friday. 1,600 shares of the company’s stock traded hands, compared to its average volume of 5,605. Genel Energy has a 12 month low of $0.66 and a 12 month high of $1.05. The firm has a fifty day simple moving average of $0.74 and a 200-day simple moving average of $0.80.
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.