Genel Energy plc (OTCMKTS:GEGYF – Get Free Report) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 11,272 shares, a growth of 533.3% from the April 15th total of 1,780 shares. Based on an average daily volume of 1,636 shares, the days-to-cover ratio is presently 6.9 days.
Genel Energy Stock Performance
GEGYF stock remained flat at $0.77 during mid-day trading on Tuesday. The company’s fifty day moving average price is $0.77 and its two-hundred day moving average price is $0.81. Genel Energy has a 12 month low of $0.66 and a 12 month high of $1.05.
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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