Gear Energy Ltd. (OTCMKTS:GENGF – Get Rating) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 107,900 shares, a decline of 24.7% from the March 15th total of 143,300 shares. Based on an average daily volume of 387,500 shares, the days-to-cover ratio is currently 0.3 days.
Separately, Stifel Nicolaus cut shares of Gear Energy from a “buy” rating to a “hold” rating in a report on Tuesday, February 22nd.
Gear Energy stock traded up $0.01 during mid-day trading on Monday, reaching $1.24. The company’s stock had a trading volume of 155,900 shares, compared to its average volume of 275,414. Gear Energy has a 12-month low of $0.37 and a 12-month high of $1.49. The firm’s fifty day moving average price is $1.25 and its two-hundred day moving average price is $0.94.
Gear Energy Ltd. is an exploration and production company, which engages in the acquisition, exploration, and production of oil and gas properties. Its properties are located in Alberta, British Columbia, and Saskatchewan. The company was founded on June 25, 2007 and is headquartered in Calgary, Canada.
- Get a free copy of the StockNews.com research report on Gear Energy (GENGF)
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