Genel Energy plc (OTCMKTS:GEGYF – Get Free Report) was the target of a large drop in short interest in 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 short-interest ratio is presently 10.6 days.
Genel Energy Price Performance
Shares of OTCMKTS:GEGYF remained flat at $0.72 during midday trading on Friday. Genel Energy has a fifty-two week low of $0.69 and a fifty-two week high of $1.05. The company has a 50-day moving average of $0.71 and a two-hundred day moving average of $0.77.
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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