Pharos Energy PLC (OTCMKTS:SOCLF – Get Free Report) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 3,618 shares, a decrease of 52.8% from the August 15th total of 7,665 shares. Based on an average daily volume of 15,809 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.
Pharos Energy Trading Down 8.8%
OTCMKTS SOCLF opened at $0.36 on Tuesday. Pharos Energy has a 12 month low of $0.24 and a 12 month high of $0.45. The company’s fifty day moving average price is $0.40 and its two-hundred day moving average price is $0.39.
About Pharos Energy
Pharos Energy PLC is a London-headquartered independent oil and gas exploration and production company. It focuses on the development, production and optimisation of upstream hydrocarbon assets, with a particular emphasis on cost-effective field operations and reservoir management. The company’s corporate office is based in the City of London, underlining its status as a UK-listed operator with an international footprint.
The company’s flagship asset is its interest in the West Gharib onshore concession in Egypt’s Gulf of Suez region, where Pharos Energy oversees drilling, production, facility maintenance and reservoir surveillance.
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