Energean plc (OTCMKTS:EERGF) Sees Large Decline in Short Interest

Energean plc (OTCMKTS:EERGF) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 96,100 shares, a drop of 46.4% from the May 31st total of 179,300 shares. Based on an average daily volume of 1,300 shares, the short-interest ratio is currently 73.9 days.

Energean Stock Performance

Shares of EERGF remained flat at $13.40 during mid-day trading on Friday. The business has a 50-day moving average price of $13.74 and a two-hundred day moving average price of $12.93. Energean has a one year low of $9.55 and a one year high of $15.35.

About Energean

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.