Short Interest in Genel Energy plc (OTCMKTS:GEGYF) Decreases By 33.7%

Genel Energy plc (OTCMKTS:GEGYF) saw a significant decline in short interest in March. As of March 13th, there was short interest totaling 10,572 shares, a decline of 33.7% from the February 26th total of 15,951 shares. Based on an average daily trading volume, of 6,340 shares, the short-interest ratio is presently 1.7 days.

Genel Energy Trading Down 4.3%

Shares of OTCMKTS:GEGYF traded down $0.03 on Friday, reaching $0.74. The company had a trading volume of 6,000 shares, compared to its average volume of 6,673. Genel Energy has a 52-week low of $0.66 and a 52-week high of $1.05. The firm’s 50 day simple moving average is $0.82 and its 200-day simple moving average is $0.85.

About Genel Energy

Genel Energy is an independent oil and gas exploration and production company with a primary focus on the Kurdistan Region of Iraq. The company’s upstream portfolio encompasses operated and non-operated interests in producing fields and exploration licences. Its technical expertise is centered on maximizing recovery from established reservoirs and advancing near-term development projects.

Genel Energy’s principal producing assets include interests in the Taq Taq and Tawke licences, which have delivered sustained output of crude oil since the early 2010s.