Genel Energy plc (OTCMKTS:GEGYF) Sees Large Increase in Short Interest

Genel Energy plc (OTCMKTS:GEGYF – Get Free Report) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 22,620 shares, an increase of 319.6% from the August 15th total of 5,391 shares. Based on an average daily trading volume, of 586 shares, the days-to-cover ratio is currently 38.6 days.

Genel Energy Stock Performance

OTCMKTS:GEGYF remained flat at $0.98 on Friday. Genel Energy has a one year low of $0.69 and a one year high of $1.05. The stock’s fifty day moving average is $0.82 and its 200-day moving average is $0.78.

About Genel Energy

(Get Free Report)

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.

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