Short Interest in Gear Energy Ltd. (OTCMKTS:GENGF) Grows By 30.4%

Gear Energy Ltd. (OTCMKTS:GENGFGet Free Report) was the target of a large growth in short interest during the month of February. As of February 29th, there was short interest totalling 532,600 shares, a growth of 30.4% from the February 14th total of 408,300 shares. Based on an average trading volume of 79,800 shares, the days-to-cover ratio is currently 6.7 days.

Gear Energy Stock Performance

Shares of OTCMKTS GENGF opened at $0.48 on Friday. The stock’s fifty day simple moving average is $0.48 and its 200 day simple moving average is $0.53. Gear Energy has a 52-week low of $0.44 and a 52-week high of $0.86.

Gear Energy Company Profile

(Get Free Report)

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.

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