Short Interest in Capricorn Energy PLC (OTCMKTS:CRNCY) Declines By 74.1%

Capricorn Energy PLC (OTCMKTS:CRNCY) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 700 shares, a drop of 74.1% from the October 15th total of 2,700 shares. Based on an average daily volume of 400 shares, the short-interest ratio is currently 1.8 days.

Capricorn Energy Trading Down 0.7 %

Shares of CRNCY traded down $0.04 during midday trading on Wednesday, reaching $5.30. The stock had a trading volume of 955 shares, compared to its average volume of 3,375. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.56 and a quick ratio of 2.49. Capricorn Energy has a 12-month low of $3.70 and a 12-month high of $7.05. The company’s 50-day moving average is $5.65 and its 200 day moving average is $5.47.

About Capricorn Energy

Capricorn Energy PLC, an independent energy company, engages in the exploration, development, production, and sale of oil and gas worldwide. It holds a portfolio of exploration, development, and production assets in Mexico and Egypt. The company was formerly known as Cairn Energy PLC and changed its name to Capricorn Energy PLC in December 2021.