Short Interest in Energean plc (OTCMKTS:EERGF) Grows By 10.2%

Energean plc (OTCMKTS:EERGF) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totalling 746,100 shares, an increase of 10.2% from the September 30th total of 676,900 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 7,461.0 days.

Energean Stock Performance

Shares of Energean stock remained flat at $12.50 during midday trading on Thursday. The business’s 50-day simple moving average is $12.55 and its 200 day simple moving average is $13.09. Energean has a fifty-two week low of $9.55 and a fifty-two week high of $15.35.

Energean Company Profile

Energean plc engages in the exploration, development, and production of oil and gas. It operates through four segments: Europe, Israel, Egypt, and New Ventures. The company holds interests in the Eastern Mediterranean. Its flagship project is the Karish project located in Israel. It also provides financing services; and holds a gas transportation license.