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

Energean plc (OTCMKTS:EERGF) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 331,800 shares, a growth of 245.3% from the June 15th total of 96,100 shares. Based on an average daily trading volume, of 500 shares, the days-to-cover ratio is presently 663.6 days.

Energean Stock Performance

OTCMKTS:EERGF remained flat at $13.40 during trading hours on Thursday. The firm’s fifty day moving average price is $13.90 and its 200 day moving average price is $12.98. Energean has a 1-year low of $9.55 and a 1-year 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.