GAIL (India) Limited (OTCMKTS:GAILF) Sees Significant Increase in Short Interest

GAIL (India) Limited (OTCMKTS:GAILF) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 143 shares, a growth of 4,666.7% from the May 31st total of 3 shares. Based on an average trading volume of 69 shares, the short-interest ratio is currently 2.1 days.

GAIL (India) Price Performance

Shares of OTCMKTS:GAILF opened at $10.75 on Friday. GAIL has a 52 week low of $9.50 and a 52 week high of $10.75. The company’s 50 day moving average is $10.50 and its two-hundred day moving average is $10.78.

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).