Short Interest in Serica Energy plc (OTCMKTS:SQZZF) Drops By 39.7%

Serica Energy plc (OTCMKTS:SQZZF) was the target of a significant drop in short interest in March. As of March 13th, there was short interest totaling 266,812 shares, a drop of 39.7% from the February 26th total of 442,431 shares. Based on an average daily trading volume, of 5,156 shares, the days-to-cover ratio is currently 51.7 days.

Serica Energy Stock Performance

Serica Energy stock opened at $3.28 on Friday. Serica Energy has a 1 year low of $1.17 and a 1 year high of $3.30. The firm’s 50 day moving average price is $2.53 and its two-hundred day moving average price is $2.41.

About Serica Energy

Serica Energy plc (OTCMKTS:SQZZF) is an independent oil and gas exploration and production company with a primary focus on assets in the United Kingdom Continental Shelf (UKCS) and a strategic interest in the Fortuna FLNG development in Equatorial Guinea. Founded in 2006 and listed on the London Stock Exchange in 2007, Serica has built a portfolio of interests in mature producing fields and growth opportunities. The company’s operating model centers on low-cost, infrastructure-led acquisitions and disciplined operational management.

Serica holds material stakes in several key North Sea assets.