Capricorn Energy PLC (OTCMKTS:CRNCY) Sees Significant Decrease in Short Interest

Capricorn Energy PLC (OTCMKTS:CRNCY) saw a significant drop in short interest in October. As of October 31st, there was short interest totalling 700 shares, a drop of 74.1% from the October 15th total of 2,700 shares. Based on an average trading volume of 400 shares, the short-interest ratio is currently 1.8 days.

Capricorn Energy Price Performance

CRNCY stock remained flat at $5.30 during mid-day trading on Thursday. 36 shares of the company’s stock traded hands, compared to its average volume of 3,375. The firm’s 50-day moving average price is $5.63 and its 200-day moving average price is $5.46. Capricorn Energy has a 1-year low of $3.70 and a 1-year high of $7.05. The company has a quick ratio of 2.49, a current ratio of 2.56 and a debt-to-equity ratio of 0.29.

About Capricorn Energy

Capricorn Energy PLC, an independent energy company, engages in the exploration, development, production, and sale of oil and gas worldwide. It holds a portfolio of exploration, development, and production assets in Mexico and Egypt. The company was formerly known as Cairn Energy PLC and changed its name to Capricorn Energy PLC in December 2021.