GAIL (India) Limited (OTCMKTS:GAILF) Shares Shorted: Short Interest Down 40.0% in September

GAIL (India) Limited (OTCMKTS:GAILF) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 3 shares, a decline of 40.0% from the September 15th total of 5 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

GAIL (India) Price Performance

GAILF stock remained flat at $6.64 during mid-day trading on Friday. GAIL has a 52-week low of $6.46 and a 52-week high of $10.75. The business has a fifty day simple moving average of $6.58 and a 200-day simple moving average of $9.08.

GAIL (India) Company Profile

GAIL (India) Limited is a government-owned energy company and one of India’s principal natural gas infrastructure and marketing enterprises. Incorporated in 1984 and headquartered in New Delhi, the company operates under the administrative oversight of India’s Ministry of Petroleum and Natural Gas.

GAIL’s core activities include the transmission and marketing of natural gas through an extensive pipeline network serving power generators, fertilizer manufacturers, refineries, petrochemical producers, city gas distributors and other industrial customers.