Short Interest in Gulf Keystone Petroleum Limited (OTCMKTS:GUKYF) Drops By 16.5%

Gulf Keystone Petroleum Limited (OTCMKTS:GUKYF) was the target of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 112,600 shares, a decline of 16.5% from the January 31st total of 134,800 shares. Based on an average daily volume of 4,600 shares, the days-to-cover ratio is presently 24.5 days.

Gulf Keystone Petroleum Stock Performance

Shares of GUKYF traded down $0.05 during midday trading on Thursday, hitting $2.35. 2,000 shares of the stock traded hands, compared to its average volume of 4,526. The business’s 50 day moving average price is $2.12 and its two-hundred day moving average price is $1.84. Gulf Keystone Petroleum has a 1-year low of $1.25 and a 1-year high of $2.64.

About Gulf Keystone Petroleum

Gulf Keystone Petroleum Limited engages in the exploration, development, and production of oil and gas in the Kurdistan Region of Iraq. The company operates Shaikan field that covers an area of approximately 280 square kilometers, which is located north-west of Erbil. It also provides management, support, geological, geophysical, and engineering services.