Gulf Keystone Petroleum Limited (OTCMKTS:GUKYF – Get Free Report) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 48,098 shares, an increase of 87.5% from the April 15th total of 25,649 shares. Based on an average daily trading volume, of 5,733 shares, the days-to-cover ratio is presently 8.4 days.
Gulf Keystone Petroleum Stock Performance
OTCMKTS GUKYF remained flat at $2.40 during trading on Friday. The company has a fifty day simple moving average of $2.70 and a two-hundred day simple moving average of $2.55. Gulf Keystone Petroleum has a 52 week low of $2.02 and a 52 week high of $3.30.
About Gulf Keystone Petroleum
Gulf Keystone Petroleum is an independent oil and gas exploration and production company with a primary focus on the Kurdistan Region of Iraq. Founded in the early 2000s and headquartered in Jersey, the company is listed on the London Stock Exchange’s AIM market and trades over the counter in the United States under the ticker GUKYF. Its core business activity centers on the development and operation of the Shaikan oil field, one of the largest onshore discoveries in the region, alongside ongoing appraisal and exploration in adjacent blocks.
The company achieved a major milestone in 2009 with the discovery of the Shaikan field and commenced early production in 2014.
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