Karoon Energy Ltd (OTCMKTS:KRNGF – Get Free Report) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 43,676 shares, a decline of 91.5% from the July 15th total of 515,454 shares. Based on an average daily trading volume, of 929 shares, the short-interest ratio is currently 47.0 days.
Karoon Energy Stock Performance
KRNGF remained flat at $1.14 on Tuesday. Karoon Energy has a 52-week low of $0.89 and a 52-week high of $1.61. The stock has a 50 day moving average price of $1.12 and a two-hundred day moving average price of $1.26.
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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