Genel Energy plc (OTCMKTS:GEGYF) Short Interest Update

Genel Energy plc (OTCMKTS:GEGYF) saw a large growth in short interest in February. As of February 27th, there was short interest totaling 15,951 shares, a growth of 63.2% from the February 12th total of 9,772 shares. Based on an average daily volume of 8,197 shares, the short-interest ratio is currently 1.9 days. Based on an average daily volume of 8,197 shares, the short-interest ratio is currently 1.9 days.

Genel Energy Stock Performance

Genel Energy stock opened at $0.83 on Friday. Genel Energy has a 1-year low of $0.66 and a 1-year high of $1.05. The firm’s fifty day simple moving average is $0.83 and its 200-day simple moving average is $0.85.

Genel Energy Company Profile

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.