Genel Energy plc (OTCMKTS:GEGYF – Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 22,620 shares, an increase of 319.6% from the August 15th total of 5,391 shares. Based on an average trading volume of 586 shares, the short-interest ratio is presently 38.6 days.
Genel Energy Price Performance
Shares of Genel Energy stock opened at $0.98 on Monday. The firm’s fifty day simple moving average is $0.82 and its 200-day simple moving average is $0.77. Genel Energy has a 12 month low of $0.69 and a 12 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.
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