Genel Energy plc (OTCMKTS:GEGYF) Short Interest Up 533.3% in April

Genel Energy plc (OTCMKTS:GEGYF) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 11,272 shares, a growth of 533.3% from the April 15th total of 1,780 shares. Based on an average trading volume of 1,636 shares, the days-to-cover ratio is currently 6.9 days.

Genel Energy Stock Performance

Genel Energy stock remained flat at $0.70 during trading hours on Wednesday. The company’s stock had a trading volume of 5,000 shares, compared to its average volume of 6,359. Genel Energy has a fifty-two week low of $0.66 and a fifty-two week high of $1.05. The business’s 50 day moving average price is $0.77 and its 200-day moving average price is $0.81.

About Genel Energy

Genel Energy is an independent oil and gas exploration and production company with a primary focus on the Kurdistan Region of Iraq. The company’s upstream portfolio encompasses operated and non-operated interests in producing fields and exploration licences. Its technical expertise is centered on maximizing recovery from established reservoirs and advancing near-term development projects.

Genel Energy’s principal producing assets include interests in the Taq Taq and Tawke licences, which have delivered sustained output of crude oil since the early 2010s.