Genel Energy plc (OTCMKTS:GEGYF) Short Interest Update

Genel Energy plc (OTCMKTS:GEGYF) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 233,500 shares, an increase of 44.0% from the August 31st total of 162,100 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.

Genel Energy Price Performance

OTCMKTS:GEGYF remained flat at $0.96 during trading hours on Friday. Genel Energy has a one year low of $0.82 and a one year high of $1.33. The company’s 50 day moving average is $1.22 and its two-hundred day moving average is $1.13.

Genel Energy Company Profile

Genel Energy plc, through its subsidiaries, operates as an independent oil and gas exploration and production company. It operates through two segments, Production and Pre-production. The Production segment holds a 25% working interest in the Tawke PSC; and 44% working interest in the Taq Taq PSC. The Pre-Production segment holds a 50% working interest in Odewayne and 51% working interest in SL10B13 block located in Somaliland; and 75% working interest in Lagzira block in Morocco.