Karoon Energy Ltd (OTCMKTS:KRNGF – Get Free Report) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 515,454 shares, a growth of 876.3% from the June 30th total of 52,794 shares. Based on an average trading volume of 1,000 shares, the days-to-cover ratio is presently 515.5 days.
Karoon Energy Stock Performance
Shares of OTCMKTS KRNGF remained flat at $1.07 during trading on Friday. The firm’s fifty day moving average price is $1.17 and its 200 day moving average price is $1.26. Karoon Energy has a 52-week low of $0.89 and a 52-week high of $1.61.
Karoon Energy Company Profile
Karoon Energy is an Australian-based oil and gas exploration and production company with a strategic focus on deepwater offshore Brazil. Headquartered in Perth, the company maintains regional offices in Houston and Rio de Janeiro to support technical and commercial operations. Since its establishment in 2005, Karoon has transitioned from onshore Australian projects to build a high-potential portfolio in the prolific Santos and Campos basins.
The company’s flagship asset is its interest in the Sépia oil province in the Santos Basin, which commenced production in late 2020.
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