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 14th, there was short interest totaling 5,391 shares, an increase of ∞ from the July 30th total of 0 shares. Based on an average daily volume of 1,823 shares, the short-interest ratio is presently 3.0 days.
Genel Energy Stock Performance
Shares of OTCMKTS:GEGYF remained flat at $0.91 during midday trading on Friday. The business’s 50 day simple moving average is $0.77 and its 200 day simple moving average is $0.77. Genel Energy has a twelve month low of $0.69 and a twelve month high of $1.05.
Genel Energy Company Profile
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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