Short Interest in Genel Energy plc (OTCMKTS:GEGYF) Increases By 81.6%

Genel Energy plc (OTCMKTS:GEGYFGet 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

(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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