Short Interest in Pharos Energy PLC (OTCMKTS:SOCLF) Drops By 80.2%

Pharos Energy PLC (OTCMKTS:SOCLF) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 8,597 shares, a decrease of 80.2% from the April 15th total of 43,339 shares. Based on an average daily trading volume, of 28,203 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Pharos Energy Stock Performance

Shares of OTCMKTS:SOCLF traded down $0.02 during midday trading on Thursday, reaching $0.39. The company’s stock had a trading volume of 155 shares, compared to its average volume of 26,880. The business’s fifty day simple moving average is $0.36 and its 200-day simple moving average is $0.31. Pharos Energy has a fifty-two week low of $0.24 and a fifty-two week high of $0.43.

About Pharos Energy

Pharos Energy PLC is a London-headquartered independent oil and gas exploration and production company. It focuses on the development, production and optimisation of upstream hydrocarbon assets, with a particular emphasis on cost-effective field operations and reservoir management. The company’s corporate office is based in the City of London, underlining its status as a UK-listed operator with an international footprint.

The company’s flagship asset is its interest in the West Gharib onshore concession in Egypt’s Gulf of Suez region, where Pharos Energy oversees drilling, production, facility maintenance and reservoir surveillance.