Short Interest in Genel Energy plc (OTCMKTS:GEGYF) Declines By 31.9%

Genel Energy plc (OTCMKTS:GEGYFGet Free Report) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 5,006 shares, a drop of 31.9% from the December 15th total of 7,346 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Genel Energy Price Performance

OTCMKTS GEGYF opened at $0.83 on Friday. The stock’s 50-day moving average price is $0.82 and its 200-day moving average price is $0.85. Genel Energy has a 52 week low of $0.66 and a 52 week high of $1.05.

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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