MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság (OTCMKTS:MGYOY) Sees Large Drop in Short Interest

MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság (OTCMKTS:MGYOY) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 5,788 shares, a drop of 92.7% from the September 30th total of 78,966 shares. Based on an average daily trading volume, of 96,095 shares, the days-to-cover ratio is currently 0.1 days.

MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság Price Performance

MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság stock traded up $0.16 during midday trading on Monday, reaching $7.55. The stock had a trading volume of 64,870 shares, compared to its average volume of 72,325. The stock’s 50-day simple moving average is $8.00 and its 200 day simple moving average is $6.72. MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság has a twelve month low of $4.07 and a twelve month high of $9.18.

About MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság

MOL Magyar Olaj- és Gázipari Nyilvánosan Működő Részvénytársaság, commonly known as MOL Group, is an integrated energy company headquartered in Budapest, Hungary. Established in 1991, the company operates across the oil and gas value chain, including exploration and production, refining, petrochemicals, fuel distribution and retail.

MOL’s upstream business explores for and produces crude oil and natural gas in Hungary and other international markets. Its downstream operations include refineries and petrochemical facilities that manufacture transportation fuels, lubricants, polymers and other chemical products.