Short Interest in Gear Energy Ltd. (OTCMKTS:GENGF) Increases By 63.2%

Gear Energy Ltd. (OTCMKTS:GENGF) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 976,700 shares, an increase of 63.2% from the December 15th total of 598,400 shares. Based on an average daily volume of 666,700 shares, the days-to-cover ratio is presently 1.5 days.

Gear Energy Stock Performance

GENGF stock traded down $0.01 during trading on Friday, hitting $0.34. The company had a trading volume of 10,564 shares, compared to its average volume of 97,256. The business has a 50 day moving average of $0.36 and a 200 day moving average of $0.43. Gear Energy has a fifty-two week low of $0.32 and a fifty-two week high of $0.58.

About Gear Energy

Gear Energy Ltd., an exploration and production company, engages in the acquiring, developing, and holding of interests in petroleum and natural gas properties and assets in Canada. The company's oil properties are located in Central Alberta, West Central Saskatchewan, and Southeast Saskatchewan.