Genel Energy plc (OTCMKTS:GEGYF – Get Free Report) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 9,772 shares, a growth of 81.6% from the January 29th total of 5,380 shares. Based on an average daily volume of 1,680 shares, the short-interest ratio is currently 5.8 days. Based on an average daily volume of 1,680 shares, the short-interest ratio is currently 5.8 days.
Genel Energy Price Performance
GEGYF remained flat at $0.83 during midday trading on Friday. The firm has a fifty day simple moving average of $0.83 and a 200 day simple moving average of $0.85. Genel Energy has a 52-week low of $0.66 and a 52-week high of $1.05.
Genel Energy Company Profile
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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