Genel Energy plc (OTCMKTS:GEGYF) Short Interest Update

Genel Energy plc (OTCMKTS:GEGYF) saw a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 15,951 shares, an increase of 63.2% from the February 12th total of 9,772 shares. Based on an average trading volume of 8,197 shares, the days-to-cover ratio is presently 1.9 days. Based on an average trading volume of 8,197 shares, the days-to-cover ratio is presently 1.9 days.

Genel Energy Trading Up 3.7%

GEGYF stock opened at $0.83 on Friday. The business’s fifty day simple moving average is $0.83 and its two-hundred day simple moving average is $0.85. Genel Energy has a twelve month low of $0.66 and a twelve month high of $1.05.

About Genel Energy

Genel Energy is an independent oil and gas exploration and production company with a primary focus on the Kurdistan Region of Iraq. The company’s upstream portfolio encompasses operated and non-operated interests in producing fields and exploration licences. Its technical expertise is centered on maximizing recovery from established reservoirs and advancing near-term development projects.

Genel Energy’s principal producing assets include interests in the Taq Taq and Tawke licences, which have delivered sustained output of crude oil since the early 2010s.