Energean plc (OTCMKTS:EERGF) Sees Significant Drop in Short Interest

Energean plc (OTCMKTS:EERGF) was the recipient of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 179,300 shares, a decline of 9.7% from the May 15th total of 198,600 shares. Based on an average daily volume of 15,800 shares, the days-to-cover ratio is presently 11.3 days.

Energean Stock Performance

Shares of Energean stock remained flat at $13.28 during trading on Friday. The stock had a trading volume of 52 shares, compared to its average volume of 2,414. Energean has a 52 week low of $9.55 and a 52 week high of $15.35. The stock has a fifty day moving average price of $13.64 and a two-hundred day moving average price of $12.77.

About Energean

Energean plc engages in the exploration, development, and production of oil and gas. It operates through four segments: Europe, Israel, Egypt, and New Ventures. The company holds interests in the Eastern Mediterranean. Its flagship project is the Karish project located in Israel. It also provides financing services; and holds a gas transportation license.