Karoon Energy Ltd (OTCMKTS:KRNGF – Get Free Report) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 169,790 shares, a growth of 75.1% from the August 15th total of 96,958 shares. Based on an average daily trading volume, of 5,700 shares, the days-to-cover ratio is currently 29.8 days.
Karoon Energy Price Performance
Shares of OTCMKTS:KRNGF remained flat at $1.19 during trading on Thursday. The stock has a 50-day simple moving average of $1.15 and a 200 day simple moving average of $1.26. 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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