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 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 volume of 0 shares, the short-interest ratio is presently ∞ days.

Genel Energy Stock Performance

OTCMKTS:GEGYF remained flat at $0.96 on Friday. The business’s fifty day moving average is $1.22 and its two-hundred day moving average is $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.