MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság (OTCMKTS:MGYOY) Short Interest Down 54.9% in August

MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság (OTCMKTS:MGYOY) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 31,580 shares, a decline of 54.9% from the July 30th total of 70,018 shares. Based on an average daily trading volume, of 53,613 shares, the days-to-cover ratio is presently 0.6 days.

MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság Stock Performance

Shares of OTCMKTS:MGYOY traded up $0.03 during mid-day trading on Monday, reaching $8.17. The stock had a trading volume of 36,623 shares, compared to its average volume of 53,279. The firm has a 50 day simple moving average of $7.07 and a two-hundred day simple moving average of $6.54. MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság has a twelve month low of $3.85 and a twelve month high of $8.41.

About MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság

MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság (OTCMKTS: MGYOY) is a Hungary‐based integrated oil and gas company engaged in exploration, production, refining, marketing and distribution of hydrocarbons. Its upstream activities encompass exploration and production of crude oil and natural gas across Central and Eastern Europe, the Middle East and North Africa. In its downstream segment, MOL operates refineries and a network of service stations under the MOL and Slovnaft brands, supplying fuels, lubricants and speciality petrochemical products to industrial and retail customers.

The company’s petrochemicals division manufactures olefins, polyolefins and other chemical intermediates for use in plastics, packaging and automotive components.