Short Interest in GAIL (India) Limited (OTCMKTS:GAILF) Increases By 1,500.0%

GAIL (India) Limited (OTCMKTS:GAILF) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 1,600 shares, a growth of 1,500.0% from the March 31st total of 100 shares. Based on an average trading volume of 500 shares, the short-interest ratio is currently 3.2 days.

GAIL (India) Price Performance

Shares of GAILF stock remained flat at $15.30 during mid-day trading on Thursday. GAIL has a 1-year low of $7.93 and a 1-year high of $16.00. The firm’s 50-day simple moving average is $12.89 and its 200-day simple moving average is $10.76.

GAIL (India) Company Profile

GAIL (India) Limited operates as a natural gas processing and distribution company in India and internationally. The company operates through Transmission Services, Natural Gas Marketing, Petrochemicals, LPG and Other Liquid Hydrocarbons, and Other segments. It is involved in the transmission and marketing of natural gas to the power, fertilizer, industrial, automotive, petrochemicals, and domestic and commercial sectors.