Genel Energy plc (OTCMKTS:GEGYF) Short Interest Update

Genel Energy plc (OTCMKTS:GEGYF) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totalling 267,900 shares, an increase of 14.7% from the September 15th total of 233,500 shares. Based on an average trading volume of 700 shares, the short-interest ratio is presently 382.7 days.

Genel Energy Stock Performance

Shares of OTCMKTS:GEGYF remained flat at $0.96 during mid-day trading on Wednesday. The business’s 50 day moving average price is $1.15 and its 200-day moving average price is $1.12. Genel Energy has a 12 month low of $0.82 and a 12 month high of $1.33.

Genel Energy Company Profile

Genel Energy plc, through its subsidiaries, operates as an independent oil and gas exploration and production company. It operates through two segments, Production and Pre-production. The Production segment holds a 25% working interest in the Tawke PSC; and 44% working interest in the Taq Taq PSC. The Pre-Production segment holds a 50% working interest in Odewayne and 51% working interest in SL10B13 block located in Somaliland; and 75% working interest in Lagzira block in Morocco.