Short Interest in Genel Energy plc (OTCMKTS:GEGYF) Decreases By 33.7%

Genel Energy plc (OTCMKTS:GEGYF) was the target of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 10,572 shares, a decline of 33.7% from the February 26th total of 15,951 shares. Based on an average daily volume of 6,340 shares, the short-interest ratio is currently 1.7 days.

Genel Energy Stock Down 4.3%

Shares of OTCMKTS GEGYF traded down $0.03 during trading hours on Friday, reaching $0.74. The stock had a trading volume of 6,000 shares, compared to its average volume of 6,673. The firm has a 50-day moving average of $0.82 and a 200-day moving average of $0.85. Genel Energy has a fifty-two week low of $0.66 and a fifty-two week high of $1.05.

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.