Genel Energy plc (OTCMKTS:GEGYF – Get Free Report) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 20,933 shares, a growth of 10,366.5% from the May 14th total of 200 shares. Based on an average daily trading volume, of 1,467 shares, the short-interest ratio is presently 14.3 days.
Genel Energy Stock Down 4.3%
GEGYF traded down $0.03 during trading on Tuesday, reaching $0.71. The stock had a trading volume of 800 shares, compared to its average volume of 5,235. The business has a 50-day moving average of $0.73 and a 200-day moving average of $0.79. Genel Energy has a one year low of $0.69 and a one year 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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