GAIL (India) Limited (OTCMKTS:GAILF) Sees Significant Growth in Short Interest

GAIL (India) Limited (OTCMKTS:GAILF) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 1,600 shares, a growth of 1,500.0% from the March 31st total of 100 shares. Based on an average daily volume of 500 shares, the short-interest ratio is currently 3.2 days.

GAIL (India) Price Performance

Shares of GAIL (India) stock opened at $15.30 on Friday. GAIL has a 1 year low of $7.93 and a 1 year high of $16.00. The company’s fifty day moving average is $12.89 and its two-hundred day moving average is $10.76.

About GAIL (India)

GAIL (India) Limited operates as a natural gas processing and distribution company in India and internationally. The company operates through Transmission Services, Natural Gas Marketing, Petrochemicals, LPG and Other Liquid Hydrocarbons, and Other segments. It is involved in the transmission and marketing of natural gas to the power, fertilizer, industrial, automotive, petrochemicals, and domestic and commercial sectors.