Short Interest in Gulf Keystone Petroleum Limited (OTCMKTS:GUKYF) Drops By 41.4%

Gulf Keystone Petroleum Limited (OTCMKTS:GUKYF) was the recipient of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 37,054 shares, a decrease of 41.4% from the February 26th total of 63,263 shares. Based on an average daily trading volume, of 15,736 shares, the short-interest ratio is presently 2.4 days.

Gulf Keystone Petroleum Stock Performance

GUKYF remained flat at $2.90 on Friday. The business has a fifty day moving average price of $2.66 and a 200-day moving average price of $2.54. Gulf Keystone Petroleum has a twelve month low of $2.00 and a twelve month high of $3.30.

About Gulf Keystone Petroleum

Gulf Keystone Petroleum is an independent oil and gas exploration and production company with a primary focus on the Kurdistan Region of Iraq. Founded in the early 2000s and headquartered in Jersey, the company is listed on the London Stock Exchange’s AIM market and trades over the counter in the United States under the ticker GUKYF. Its core business activity centers on the development and operation of the Shaikan oil field, one of the largest onshore discoveries in the region, alongside ongoing appraisal and exploration in adjacent blocks.

The company achieved a major milestone in 2009 with the discovery of the Shaikan field and commenced early production in 2014.