Karoon Energy Ltd (OTCMKTS:KRNGF – Get Free Report) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 169,790 shares, a growth of 75.1% from the August 15th total of 96,958 shares. Based on an average daily volume of 5,700 shares, the short-interest ratio is currently 29.8 days.
Karoon Energy Price Performance
KRNGF remained flat at $1.19 during midday trading on Wednesday. The company has a fifty day simple moving average of $1.14 and a 200 day simple moving average of $1.27. Karoon Energy has a 52-week low of $0.89 and a 52-week high of $1.61.
Karoon Energy Company Profile
Karoon Energy is an Australian-based oil and gas exploration and production company with a strategic focus on deepwater offshore Brazil. Headquartered in Perth, the company maintains regional offices in Houston and Rio de Janeiro to support technical and commercial operations. Since its establishment in 2005, Karoon has transitioned from onshore Australian projects to build a high-potential portfolio in the prolific Santos and Campos basins.
The company’s flagship asset is its interest in the Sépia oil province in the Santos Basin, which commenced production in late 2020.
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