Genel Energy plc (OTCMKTS:GEGYF – Get Free Report) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 8,500 shares, a drop of 42.7% from the June 15th total of 14,831 shares. Based on an average daily volume of 800 shares, the days-to-cover ratio is presently 10.6 days.
Genel Energy Price Performance
Shares of Genel Energy stock opened at $0.72 on Friday. The company’s fifty day moving average price is $0.71 and its two-hundred day moving average price is $0.77. Genel Energy has a 52-week low of $0.69 and a 52-week 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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