EnQuest (OTCMKTS:ENQUF – Get Free Report) was the target of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 151,470 shares, a drop of 84.3% from the October 15th total of 962,214 shares. Based on an average daily volume of 2,125 shares, the short-interest ratio is currently 71.3 days. Currently, 0.0% of the shares of the company are short sold.
EnQuest Stock Performance
EnQuest stock remained flat at $0.33 during midday trading on Thursday. The company had a trading volume of 10,000 shares, compared to its average volume of 2,812. EnQuest has a fifty-two week low of $0.13 and a fifty-two week high of $0.45. The firm has a 50 day moving average price of $0.38 and a 200-day moving average price of $0.30.
About EnQuest
EnQuest is an independent energy company focused on the development and production of oil and natural gas. Its activities also include operating and maintaining offshore infrastructure and managing the later-life stages of oil and gas assets. The company’s operations are centered on the United Kingdom’s North Sea, where its portfolio has included producing fields and related facilities. EnQuest has also operated assets in Malaysia, a business it agreed to sell to Hibiscus Petroleum. Founded in 2010, EnQuest was formed through the combination of UK North Sea assets associated with Lundin Petroleum and Petrofac Energy Developments.
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