Gulf Keystone Petroleum Limited (OTCMKTS:GUKYF) Short Interest Up 743.3% in May

Gulf Keystone Petroleum Limited (OTCMKTS:GUKYF – Get Rating) saw a significant growth in short interest in May. As of May 15th, there was short interest totalling 25,300 shares, a growth of 743.3% from the April 30th total of 3,000 shares. Based on an average daily trading volume, of 6,200 shares, the short-interest ratio is currently 4.1 days.

Wall Street Analyst Weigh In

Separately, Peel Hunt downgraded Gulf Keystone Petroleum from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th.

Gulf Keystone Petroleum Stock Performance

Shares of GUKYF stock opened at $1.65 on Friday. Gulf Keystone Petroleum has a 1 year low of $1.61 and a 1 year high of $3.90. The stock’s 50 day simple moving average is $1.90 and its two-hundred day simple moving average is $2.26.

Gulf Keystone Petroleum Company Profile

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Gulf Keystone Petroleum Ltd. is an independent oil and gas exploration and production company with operations in the Kurdistan Region of Iraq and the Republic of Algeria. It operates through the following segments: Kurdistan Region of Iraq, Corporate, and Algeria. The Kurdistan Region of Iraq segment comprises of the Shaikan and the Erbil office which provides support to the operations in Kurdistan, as well as segmental information relating to the previously held Akri-Bijeel, Sheikh Adi and Ber Bahr blocks.