Genel Energy plc (OTCMKTS:GEGYF) Short Interest Update

Genel Energy plc (OTCMKTS:GEGYF) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 1,780 shares, a decline of 34.4% from the March 31st total of 2,715 shares. Based on an average daily volume of 900 shares, the short-interest ratio is presently 2.0 days.

Genel Energy Price Performance

Shares of OTCMKTS:GEGYF remained flat at $0.77 on Thursday. The company’s stock had a trading volume of 6,000 shares, compared to its average volume of 6,444. Genel Energy has a 12 month low of $0.66 and a 12 month high of $1.05. The company has a fifty day moving average of $0.78 and a 200-day moving average of $0.82.

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.