Genel Energy plc (OTCMKTS:GEGYF) Sees Significant Growth in Short Interest

Genel Energy plc (OTCMKTS:GEGYF) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totalling 267,900 shares, a growth of 14.7% from the September 15th total of 233,500 shares. Based on an average daily volume of 700 shares, the short-interest ratio is currently 382.7 days.

Genel Energy Price Performance

Genel Energy stock remained flat at $0.96 during trading on Tuesday. The stock has a 50 day moving average of $1.15 and a 200 day moving average of $1.12. Genel Energy has a 1-year low of $0.82 and a 1-year high of $1.33.

About Genel Energy

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.