Pharos Energy PLC (OTCMKTS:SOCLF – Get Free Report) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 6,957 shares, a growth of 92.3% from the August 31st total of 3,618 shares. Based on an average daily volume of 1,700 shares, the days-to-cover ratio is currently 4.1 days. Currently, 0.0% of the shares of the company are short sold.
Pharos Energy Price Performance
OTCMKTS:SOCLF opened at $0.36 on Tuesday. Pharos Energy has a 12 month low of $0.24 and a 12 month high of $0.45. The company has a 50 day simple moving average of $0.39 and a two-hundred day simple moving average of $0.39.
Pharos Energy Company Profile
Pharos Energy plc is an independent oil and gas exploration and production company headquartered in the United Kingdom. The company focuses on the exploration, development and production of hydrocarbons, with operations historically concentrated in Southeast Asia and the Middle East.
Pharos has held interests in producing and development assets offshore Vietnam, including the Te Giac Trang (TGT) and Ca Ngu Vang (CNV) fields in the Cuu Long Basin. Its activities in Vietnam have included field development, drilling, production operations and efforts to extend the life and recovery potential of existing assets.
The company has also pursued exploration and production opportunities in Egypt, particularly in the Western Desert.
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