Short Interest in Serica Energy plc (OTCMKTS:SQZZF) Declines By 39.7%

Serica Energy plc (OTCMKTS:SQZZF) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 266,812 shares, a decrease of 39.7% from the February 26th total of 442,431 shares. Based on an average daily volume of 5,156 shares, the short-interest ratio is currently 51.7 days.

Serica Energy Stock Down 1.5%

SQZZF stock opened at $3.23 on Friday. The firm’s 50-day moving average is $2.56 and its 200 day moving average is $2.41. Serica Energy has a 12 month low of $1.17 and a 12 month high of $3.30.

About Serica Energy

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.