GAIL (India) Limited (OTCMKTS:GAILF) Short Interest Down 96.5% in August

GAIL (India) Limited (OTCMKTS:GAILF) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 5 shares, a decrease of 96.5% from the July 30th total of 143 shares. Based on an average trading volume of 80 shares, the days-to-cover ratio is presently 0.1 days.

GAIL (India) Stock Performance

GAIL (India) stock remained flat at $6.46 during mid-day trading on Wednesday. The stock’s 50 day moving average is $9.36 and its 200-day moving average is $10.17. GAIL has a 12-month low of $6.46 and a 12-month high of $10.75.

GAIL (India) Company Profile

GAIL (India) Limited, originally incorporated as the Gas Authority of India Limited in 1984, is India’s largest state‐owned natural gas processing and distribution company. Headquartered in New Delhi, GAIL operates under the administrative control of the Ministry of Petroleum and Natural Gas and oversees one of the country’s most extensive transmission pipeline networks. The company’s infrastructure supports the movement of natural gas from production fields to end users across India, facilitating energy access for industrial, commercial, and residential consumers.

GAIL’s core business activities encompass natural gas transmission, marketing, and trading, along with the processing, transmission and marketing of liquefied petroleum gas (LPG) and liquefied natural gas (LNG).