Genel Energy plc (OTCMKTS:GEGYF – Get Free Report) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 20,933 shares, a growth of 10,366.5% from the May 14th total of 200 shares. Based on an average daily volume of 1,467 shares, the short-interest ratio is currently 14.3 days.
Genel Energy Stock Performance
OTCMKTS GEGYF opened at $0.71 on Thursday. The company has a fifty day moving average of $0.73 and a 200 day moving average of $0.79. Genel Energy has a 1 year low of $0.69 and a 1 year high of $1.05.
About Genel Energy
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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