Orlen S.A. (OTCMKTS:PSKOF) Sees Large Drop in Short Interest

Orlen S.A. (OTCMKTS:PSKOF) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 568 shares, a decline of 70.3% from the June 15th total of 1,910 shares. Based on an average trading volume of 2 shares, the short-interest ratio is presently 284.0 days.

Orlen Stock Performance

PSKOF remained flat at C$37.33 on Tuesday. 2 shares of the company were exchanged, compared to its average volume of 409. Orlen has a 12-month low of C$16.20 and a 12-month high of C$37.33. The company’s fifty day simple moving average is C$36.21 and its 200 day simple moving average is C$33.25.

Orlen Company Profile

Orlen (OTCMKTS:PSKOF), formally known as PKN Orlen, is a leading integrated oil and gas company headquartered in Płock, Poland. The company’s core operations span refining, petrochemical production and the distribution of fuels and energy products. Through its extensive refining network, Orlen processes crude oil into a range of refined products including gasoline, diesel, aviation fuel and lubricants, supplying both domestic and international markets.

In addition to refining, Orlen maintains a robust retail segment operating thousands of service stations under its Orlen and Star brands across Poland, the Czech Republic, Lithuania and Germany.