Gear Energy Ltd. (OTCMKTS:GENGF) Short Interest Up 63.2% in December

Gear Energy Ltd. (OTCMKTS:GENGF) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 976,700 shares, a growth of 63.2% from the December 15th total of 598,400 shares. Based on an average daily volume of 666,700 shares, the days-to-cover ratio is currently 1.5 days.

Gear Energy Price Performance

Shares of OTCMKTS:GENGF traded down $0.01 on Friday, reaching $0.34. 10,564 shares of the company traded hands, compared to its average volume of 97,256. The company’s 50 day moving average is $0.36 and its 200-day moving average is $0.43. Gear Energy has a fifty-two week low of $0.32 and a fifty-two week high of $0.58.

About Gear Energy

Gear Energy Ltd., an exploration and production company, engages in the acquiring, developing, and holding of interests in petroleum and natural gas properties and assets in Canada. The company's oil properties are located in Central Alberta, West Central Saskatchewan, and Southeast Saskatchewan.