GAIL (India) Limited (OTCMKTS:GAILF) Sees Large Growth in Short Interest

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

GAIL (India) Price Performance

OTCMKTS:GAILF opened at $15.25 on Friday. GAIL has a fifty-two week low of $7.93 and a fifty-two week high of $16.00. The business has a 50 day moving average price of $12.98 and a 200-day moving average price of $10.79.

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.