Gulf Keystone Petroleum Limited (OTCMKTS:GUKYF) Short Interest Up 87.5% in April

Gulf Keystone Petroleum Limited (OTCMKTS:GUKYF) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 48,098 shares, a growth of 87.5% from the April 15th total of 25,649 shares. Based on an average trading volume of 5,733 shares, the short-interest ratio is presently 8.4 days.

Gulf Keystone Petroleum Stock Performance

Shares of OTCMKTS:GUKYF remained flat at $2.40 during trading on Tuesday. Gulf Keystone Petroleum has a 12 month low of $2.02 and a 12 month high of $3.30. The company’s 50-day moving average is $2.69 and its 200-day moving average is $2.55.

About Gulf Keystone Petroleum

Gulf Keystone Petroleum is an independent oil and gas exploration and production company with a primary focus on the Kurdistan Region of Iraq. Founded in the early 2000s and headquartered in Jersey, the company is listed on the London Stock Exchange’s AIM market and trades over the counter in the United States under the ticker GUKYF. Its core business activity centers on the development and operation of the Shaikan oil field, one of the largest onshore discoveries in the region, alongside ongoing appraisal and exploration in adjacent blocks.

The company achieved a major milestone in 2009 with the discovery of the Shaikan field and commenced early production in 2014.