Short Interest in Serica Energy plc (OTCMKTS:SQZZF) Drops By 14.0%

Serica Energy plc (OTCMKTS:SQZZF) was the recipient of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 568,635 shares, a decline of 14.0% from the January 29th total of 661,432 shares. Based on an average daily trading volume, of 1,486 shares, the days-to-cover ratio is currently 382.7 days. Based on an average daily trading volume, of 1,486 shares, the days-to-cover ratio is currently 382.7 days.

Serica Energy Price Performance

Shares of OTCMKTS SQZZF opened at $2.80 on Thursday. Serica Energy has a fifty-two week low of $1.17 and a fifty-two week high of $3.30. The business has a 50-day simple moving average of $2.17 and a two-hundred day simple moving average of $2.32.

Serica Energy Company Profile

Serica Energy plc (OTCMKTS:SQZZF) is an independent oil and gas exploration and production company with a primary focus on assets in the United Kingdom Continental Shelf (UKCS) and a strategic interest in the Fortuna FLNG development in Equatorial Guinea. Founded in 2006 and listed on the London Stock Exchange in 2007, Serica has built a portfolio of interests in mature producing fields and growth opportunities. The company’s operating model centers on low-cost, infrastructure-led acquisitions and disciplined operational management.

Serica holds material stakes in several key North Sea assets.