Karoon Energy Ltd (OTCMKTS:KRNGF – Get Free Report) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 96,958 shares, an increase of 122.0% from the July 30th total of 43,676 shares. Based on an average daily trading volume, of 430 shares, the short-interest ratio is presently 225.5 days.
Karoon Energy Price Performance
KRNGF traded down $0.13 on Friday, hitting $1.17. 20,350 shares of the company’s stock were exchanged, compared to its average volume of 4,687. The stock has a fifty day moving average of $1.08 and a two-hundred day moving average of $1.27. Karoon Energy has a twelve month low of $0.89 and a twelve month high of $1.61.
Karoon Energy Company Profile
Karoon Energy is an Australian-based oil and gas exploration and production company with a strategic focus on deepwater offshore Brazil. Headquartered in Perth, the company maintains regional offices in Houston and Rio de Janeiro to support technical and commercial operations. Since its establishment in 2005, Karoon has transitioned from onshore Australian projects to build a high-potential portfolio in the prolific Santos and Campos basins.
The company’s flagship asset is its interest in the Sépia oil province in the Santos Basin, which commenced production in late 2020.
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