GAIL (India) Limited (OTCMKTS:GAILF) Sees Significant Growth in Short Interest

GAIL (India) Limited (OTCMKTS:GAILF) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 143 shares, a growth of 4,666.7% from the May 31st total of 3 shares. Based on an average daily trading volume, of 69 shares, the days-to-cover ratio is presently 2.1 days.

GAIL (India) Price Performance

OTCMKTS:GAILF remained flat at $10.75 during mid-day trading on Thursday. The company’s 50 day simple moving average is $10.50 and its two-hundred day simple moving average is $10.78. GAIL has a one year low of $9.50 and a one year high of $10.75.

About GAIL (India)

GAIL (India) Limited, originally incorporated as the Gas Authority of India Limited in 1984, is India’s largest state‐owned natural gas processing and distribution company. Headquartered in New Delhi, GAIL operates under the administrative control of the Ministry of Petroleum and Natural Gas and oversees one of the country’s most extensive transmission pipeline networks. The company’s infrastructure supports the movement of natural gas from production fields to end users across India, facilitating energy access for industrial, commercial, and residential consumers.

GAIL’s core business activities encompass natural gas transmission, marketing, and trading, along with the processing, transmission and marketing of liquefied petroleum gas (LPG) and liquefied natural gas (LNG).