Pharos Energy PLC (OTCMKTS:SOCLF – Get Free Report) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 8,597 shares, a drop of 80.2% from the April 15th total of 43,339 shares. Based on an average daily volume of 28,203 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.
Pharos Energy Stock Performance
Shares of SOCLF stock remained flat at $0.40 on Wednesday. 7,500 shares of the company were exchanged, compared to its average volume of 12,800. The stock’s 50-day simple moving average is $0.36 and its two-hundred day simple moving average is $0.31. Pharos Energy has a 1 year low of $0.24 and a 1 year high of $0.43.
About Pharos Energy
Pharos Energy PLC is a London-headquartered independent oil and gas exploration and production company. It focuses on the development, production and optimisation of upstream hydrocarbon assets, with a particular emphasis on cost-effective field operations and reservoir management. The company’s corporate office is based in the City of London, underlining its status as a UK-listed operator with an international footprint.
The company’s flagship asset is its interest in the West Gharib onshore concession in Egypt’s Gulf of Suez region, where Pharos Energy oversees drilling, production, facility maintenance and reservoir surveillance.
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