Pharos Energy PLC (OTCMKTS:SOCLF – Get Free Report) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 18,487 shares, an increase of 115.0% from the April 30th total of 8,597 shares. Based on an average daily volume of 16,992 shares, the short-interest ratio is presently 1.1 days. Approximately 0.0% of the company’s shares are sold short.
Pharos Energy Stock Performance
OTCMKTS:SOCLF remained flat at $0.40 during mid-day trading on Monday. Pharos Energy has a 1 year low of $0.24 and a 1 year high of $0.43. The company’s 50 day moving average price is $0.39 and its two-hundred day moving average price is $0.32.
About Pharos Energy
Pharos Energy PLC is a London-headquartered independent oil and gas exploration and production company. It focuses on the development, production and optimisation of upstream hydrocarbon assets, with a particular emphasis on cost-effective field operations and reservoir management. The company’s corporate office is based in the City of London, underlining its status as a UK-listed operator with an international footprint.
The company’s flagship asset is its interest in the West Gharib onshore concession in Egypt’s Gulf of Suez region, where Pharos Energy oversees drilling, production, facility maintenance and reservoir surveillance.
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