Genel Energy plc (OTCMKTS:GEGYF – Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 5,391 shares, a growth of ∞ from the July 30th total of 0 shares. Based on an average daily volume of 1,823 shares, the days-to-cover ratio is currently 3.0 days.
Genel Energy Price Performance
Genel Energy stock remained flat at $0.91 during midday trading on Friday. The firm’s 50 day simple moving average is $0.77 and its 200-day simple moving average is $0.77. Genel Energy has a 12-month low of $0.69 and a 12-month 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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