Genel Energy plc (OTCMKTS:GEGYF) Sees Large Growth in Short Interest

Genel Energy plc (OTCMKTS:GEGYF) saw a large increase in short interest in September. As of September 15th, there was short interest totalling 233,500 shares, an increase of 44.0% from the August 31st total of 162,100 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Genel Energy Price Performance

OTCMKTS:GEGYF remained flat at $0.96 on Friday. The company has a fifty day moving average of $1.22 and a two-hundred day moving average of $1.13. Genel Energy has a 52-week low of $0.82 and a 52-week high of $1.33.

About Genel Energy

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.