Capricorn Energy PLC (OTCMKTS:CRNCY) Sees Significant Drop in Short Interest

Capricorn Energy PLC (OTCMKTS:CRNCY) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 2,800 shares, a decline of 31.7% from the August 15th total of 4,100 shares. Based on an average daily trading volume, of 1,100 shares, the short-interest ratio is currently 2.5 days.

Capricorn Energy Trading Down 0.8 %

Shares of OTCMKTS CRNCY traded down $0.05 during midday trading on Friday, hitting $5.90. The company’s stock had a trading volume of 1,338 shares, compared to its average volume of 3,913. Capricorn Energy has a 1-year low of $3.70 and a 1-year high of $9.59. The firm’s fifty day moving average price is $5.43 and its 200-day moving average price is $5.28.

Capricorn Energy Company Profile

Capricorn Energy PLC, an independent energy company, engages in the exploration, development, production, and sale of oil and gas. It holds a portfolio of exploration, development, and production assets in the United Kingdom, Israel, Egypt, Mauritania, Mexico, and Suriname. The company was formerly known as Cairn Energy PLC and changed its name to Capricorn Energy PLC in December 2021.