Vår Energi AS (OTCMKTS:VARRY) Sees Large Drop in Short Interest

Vår Energi AS (OTCMKTS:VARRY) was the recipient of a large drop in short interest in January. As of January 31st, there was short interest totalling 200 shares, a drop of 91.7% from the January 15th total of 2,400 shares. Based on an average daily trading volume, of 1,000 shares, the short-interest ratio is currently 0.2 days.

Vår Energi AS Price Performance

Vår Energi AS stock traded down $0.05 during trading on Wednesday, reaching $6.05. The company had a trading volume of 4,500 shares, compared to its average volume of 2,450. The firm’s 50-day simple moving average is $6.45 and its 200 day simple moving average is $6.39. Vår Energi AS has a 1-year low of $5.75 and a 1-year high of $7.38.

About Vår Energi AS

Vår Energi AS operates as an independent upstream oil and gas company on the Norwegian continental shelf in Norway. It produces crude oil, liquified natural gas, and natural gas liquids. The company was formerly known as Eni Norge AS and changed its name to Vår Energi AS in December 2018. The company was incorporated in 1965 and is headquartered in Sandnes, Norway.