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

Energean plc (OTCMKTS:EERGF) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totalling 256,400 shares, an increase of 14.5% from the July 15th total of 224,000 shares. Based on an average daily volume of 2,200 shares, the short-interest ratio is presently 116.5 days.

Energean Stock Performance

Energean stock remained flat at $12.00 during mid-day trading on Friday. 4 shares of the company’s stock traded hands, compared to its average volume of 2,177. Energean has a 12-month low of $9.55 and a 12-month high of $15.35. The firm’s fifty day simple moving average is $13.17 and its two-hundred day simple moving average is $13.10.

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.