Short Interest in Genel Energy plc (OTCMKTS:GEGYY) Rises By 500.0%

Genel Energy plc (OTCMKTS:GEGYY) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 1,200 shares, a growth of 500.0% from the August 31st total of 200 shares. Based on an average trading volume of 200 shares, the days-to-cover ratio is presently 6.0 days.

Genel Energy Stock Performance

Shares of GEGYY stock remained flat at $0.95 on Friday. The firm’s 50-day moving average is $1.03 and its 200-day moving average is $1.13. The company has a debt-to-equity ratio of 0.56, a quick ratio of 6.25 and a current ratio of 6.25. Genel Energy has a fifty-two week low of $0.95 and a fifty-two week high of $1.07.

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.