Pharos Energy PLC (OTCMKTS:SOCLF – Get Free Report) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 9,803 shares, a decline of 47.0% from the May 14th total of 18,487 shares. Based on an average daily trading volume, of 810 shares, the short-interest ratio is presently 12.1 days. Approximately 0.0% of the company’s shares are short sold.
Pharos Energy Price Performance
Shares of OTCMKTS SOCLF opened at $0.43 on Tuesday. Pharos Energy has a 52-week low of $0.24 and a 52-week high of $0.43. The firm has a fifty day moving average of $0.40 and a 200-day moving average of $0.33.
About Pharos Energy
Pharos Energy PLC is a London-headquartered independent oil and gas exploration and production company. It focuses on the development, production and optimisation of upstream hydrocarbon assets, with a particular emphasis on cost-effective field operations and reservoir management. The company’s corporate office is based in the City of London, underlining its status as a UK-listed operator with an international footprint.
The company’s flagship asset is its interest in the West Gharib onshore concession in Egypt’s Gulf of Suez region, where Pharos Energy oversees drilling, production, facility maintenance and reservoir surveillance.
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