Delek Group Ltd. (OTCMKTS:DELKY) Sees Large Growth in Short Interest

Delek Group Ltd. (OTCMKTS:DELKY) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 205 shares, an increase of 327.1% from the April 15th total of 48 shares. Based on an average daily trading volume, of 4,132 shares, the days-to-cover ratio is presently 0.0 days.

Delek Group Price Performance

Shares of Delek Group stock traded down $1.27 during mid-day trading on Wednesday, hitting $33.93. 223 shares of the stock were exchanged, compared to its average volume of 1,061. Delek Group has a 12 month low of $16.78 and a 12 month high of $54.00. The company has a 50-day simple moving average of $35.66 and a 200 day simple moving average of $30.39.

About Delek Group

Delek Group Ltd., an energy company, engages in the exploration, development, production, and marketing of oil and gas in Israel and internationally. The company operates through three segments: Energy in Israel, Foreign Energy, and Other Operations. It holds interests in the Leviathan and Aphrodite reservoirs in Cyprus; assets oil offshore oil assets in the Mediterranean, as well as oil and gas reserves in the North Sea off the coast of England; and owns production, treatment, and storage facilities.