Vår Energi AS (OTCMKTS:VARRY) Sees Large Drop in Short Interest

Vår Energi AS (OTCMKTS:VARRY) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 2,900 shares, a decrease of 52.5% from the August 15th total of 6,100 shares. Based on an average daily volume of 8,800 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 8,800 shares, the days-to-cover ratio is presently 0.3 days.

Vår Energi AS Price Performance

OTCMKTS:VARRY opened at $6.71 on Friday. Vår Energi AS has a fifty-two week low of $5.01 and a fifty-two week high of $7.36. The business has a 50 day moving average price of $6.84 and a 200-day moving average price of $6.16.

About Vår Energi AS

Vår Energi AS operates as an independent upstream oil and gas company on the Norwegian continental shelf in Norway. It produces crude oil, liquified natural gas, and natural gas liquids. The company was formerly known as Eni Norge AS and changed its name to Vår Energi AS in December 2018. The company was incorporated in 1965 and is headquartered in Sandnes, Norway.