Genel Energy plc (OTCMKTS:GEGYF – Get Free Report) was the target of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 200 shares, a decrease of 98.2% from the April 30th total of 11,272 shares. Based on an average trading volume of 1,455 shares, the days-to-cover ratio is currently 0.1 days.
Genel Energy Stock Down 0.2%
Shares of OTCMKTS:GEGYF traded down $0.00 on Thursday, hitting $0.69. The company had a trading volume of 1,600 shares, compared to its average volume of 5,562. Genel Energy has a 52-week low of $0.66 and a 52-week high of $1.05. The business has a 50 day moving average of $0.74 and a 200 day moving average of $0.80.
About Genel Energy
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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