Capricorn Energy PLC (OTCMKTS:CRNCY) Sees Large Decline in Short Interest

Capricorn Energy PLC (OTCMKTS:CRNCY) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 2,700 shares, a decline of 28.9% from the September 30th total of 3,800 shares. Based on an average daily volume of 2,600 shares, the days-to-cover ratio is currently 1.0 days.

Capricorn Energy Price Performance

CRNCY remained flat at $5.53 on Friday. The stock’s 50 day simple moving average is $5.76 and its 200 day simple moving average is $5.45. Capricorn Energy has a 12 month low of $3.70 and a 12 month high of $7.05.

About Capricorn Energy

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