Short Interest in Gear Energy Ltd. (OTCMKTS:GENGF) Drops By 5.8%

Gear Energy Ltd. (OTCMKTS:GENGF – Get Rating) saw a large decrease in short interest in the month of December. As of December 30th, there was short interest totalling 3,361,200 shares, a decrease of 5.8% from the December 15th total of 3,567,400 shares. Based on an average trading volume of 580,100 shares, the days-to-cover ratio is presently 5.8 days.

Gear Energy Stock Down 1.6 %

GENGF opened at $0.79 on Monday. The business has a 50 day simple moving average of $0.83 and a two-hundred day simple moving average of $0.91. Gear Energy has a one year low of $0.73 and a one year high of $1.49.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus assumed coverage on Gear Energy in a report on Thursday, January 12th. They set a “hold” rating for the company.

About Gear Energy

(Get Rating)

Gear Energy Ltd., an exploration and production company, acquires, develops, and holds interests in petroleum and natural gas properties and assets in Canada. Its properties include the Celtic/Paradise Hill property located approximately 40 kilometers northeast of Lloydminster Alberta; the Wildmere field situated approximately 200 kilometers southeast of Edmonton, Alberta; the Wilson Creek property located in Central Alberta; and the Tableland property situated southwest of Estevan in Southeast Saskatchewan.