Karoon Energy Ltd (OTCMKTS:KRNGF – Get Free Report) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 96,958 shares, a growth of 122.0% from the July 30th total of 43,676 shares. Based on an average daily volume of 430 shares, the days-to-cover ratio is currently 225.5 days.
Karoon Energy Stock Performance
KRNGF opened at $1.17 on Monday. The stock has a fifty day simple moving average of $1.08 and a two-hundred day simple moving average of $1.27. Karoon Energy has a 12-month low of $0.89 and a 12-month high of $1.61.
About Karoon Energy
Karoon Energy is an Australian-based oil and gas exploration and production company with a strategic focus on deepwater offshore Brazil. Headquartered in Perth, the company maintains regional offices in Houston and Rio de Janeiro to support technical and commercial operations. Since its establishment in 2005, Karoon has transitioned from onshore Australian projects to build a high-potential portfolio in the prolific Santos and Campos basins.
The company’s flagship asset is its interest in the Sépia oil province in the Santos Basin, which commenced production in late 2020.
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