Genel Energy plc (OTCMKTS:GEGYF) Short Interest Down 31.9% in December

Genel Energy plc (OTCMKTS:GEGYF) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 5,006 shares, a decline of 31.9% from the December 15th total of 7,346 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Genel Energy Stock Performance

Genel Energy stock opened at $0.83 on Friday. Genel Energy has a one year low of $0.66 and a one year high of $1.05. The stock has a fifty day moving average of $0.82 and a 200 day moving average of $0.85.

Genel Energy Company Profile

Genel Energy is an independent oil and gas exploration and production company with a primary focus on the Kurdistan Region of Iraq. The company’s upstream portfolio encompasses operated and non-operated interests in producing fields and exploration licences. Its technical expertise is centered on maximizing recovery from established reservoirs and advancing near-term development projects.

Genel Energy’s principal producing assets include interests in the Taq Taq and Tawke licences, which have delivered sustained output of crude oil since the early 2010s.