GAIL (India) Limited (OTCMKTS:GAILF) Sees Large Decline in Short Interest

GAIL (India) Limited (OTCMKTS:GAILF) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 3 shares, a decline of 40.0% from the September 15th total of 5 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

GAIL (India) Price Performance

Shares of GAIL (India) stock opened at $6.64 on Thursday. GAIL has a twelve month low of $6.46 and a twelve month high of $10.75. The company’s fifty day moving average is $6.69 and its 200 day moving average is $9.13.

About GAIL (India)

GAIL (India) Limited is a government-owned energy company and one of India’s principal natural gas infrastructure and marketing enterprises. Incorporated in 1984 and headquartered in New Delhi, the company operates under the administrative oversight of India’s Ministry of Petroleum and Natural Gas.

GAIL’s core activities include the transmission and marketing of natural gas through an extensive pipeline network serving power generators, fertilizer manufacturers, refineries, petrochemical producers, city gas distributors and other industrial customers.