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

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

Serica Energy Stock Performance

Shares of OTCMKTS SQZZF opened at $3.23 on Friday. Serica Energy has a fifty-two week low of $1.17 and a fifty-two week high of $3.30. The company’s 50 day simple moving average is $2.56 and its 200 day simple moving average is $2.41.

Serica Energy Company Profile

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.