MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság (OTCMKTS:MGYOY) Sees Significant Drop in Short Interest

MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság (OTCMKTS:MGYOY) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 15,960 shares, a drop of 50.3% from the April 15th total of 32,133 shares. Based on an average daily volume of 79,016 shares, the days-to-cover ratio is presently 0.2 days.

MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság Stock Performance

MGYOY stock opened at $6.57 on Monday. MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság has a 52 week low of $3.85 and a 52 week high of $7.39. The company has a fifty day simple moving average of $6.36 and a two-hundred day simple moving average of $5.48.

About MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság

MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság (OTCMKTS: MGYOY) is a Hungary‐based integrated oil and gas company engaged in exploration, production, refining, marketing and distribution of hydrocarbons. Its upstream activities encompass exploration and production of crude oil and natural gas across Central and Eastern Europe, the Middle East and North Africa. In its downstream segment, MOL operates refineries and a network of service stations under the MOL and Slovnaft brands, supplying fuels, lubricants and speciality petrochemical products to industrial and retail customers.

The company’s petrochemicals division manufactures olefins, polyolefins and other chemical intermediates for use in plastics, packaging and automotive components.