Genel Energy plc (OTCMKTS:GEGYF – Get Free Report) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 350 shares, a decline of 98.5% from the August 31st total of 22,620 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.
Genel Energy Stock Performance
OTCMKTS:GEGYF remained flat at $0.98 during trading hours on Thursday. Genel Energy has a one year low of $0.69 and a one year high of $1.05. The stock has a fifty day moving average of $0.87 and a 200-day moving average of $0.78.
Genel Energy Company Profile
Genel Energy plc is an independent oil and gas company focused on the exploration, development and production of hydrocarbons. The company’s activities are centered primarily in the Kurdistan Region of Iraq, where it holds interests in producing and development-stage oil assets.
Genel Energy has historically held interests in the Tawke and Taq Taq oil fields. Tawke is operated by DNO, while Taq Taq is operated through a joint venture structure. The company’s portfolio has also included exploration and appraisal opportunities in the Kurdistan Region and other frontier geographies, including Somaliland.
The company was formed in 2011 through the combination of Vallares plc and Genel Enerji, a Turkish oil company with significant assets in the Kurdistan Region.
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