Genel Energy plc (OTCMKTS:GEGYF) Sees Significant Growth in Short Interest

Genel Energy plc (OTCMKTS:GEGYFGet Free Report) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 11,272 shares, an increase of 533.3% from the April 15th total of 1,780 shares. Based on an average daily volume of 1,636 shares, the short-interest ratio is presently 6.9 days.

Genel Energy Price Performance

GEGYF stock remained flat at $0.70 during trading on Thursday. The company’s 50 day simple moving average is $0.77 and its 200 day simple moving average is $0.81. Genel Energy has a 12 month low of $0.66 and a 12 month high of $1.05.

About Genel Energy

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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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