Gear Energy Ltd. (OTCMKTS:GENGF) Short Interest Update

Gear Energy Ltd. (OTCMKTS:GENGF) saw a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 2,126,200 shares, an increase of 11.3% from the October 15th total of 1,910,100 shares. Based on an average daily trading volume, of 152,600 shares, the days-to-cover ratio is currently 13.9 days.

Gear Energy Price Performance

Shares of GENGF traded down $0.00 during trading hours on Monday, reaching $0.38. 26,700 shares of the company’s stock traded hands, compared to its average volume of 95,487. The business’s fifty day simple moving average is $0.42 and its two-hundred day simple moving average is $0.48. Gear Energy has a twelve month low of $0.37 and a twelve month high of $0.58.

About Gear Energy

Gear Energy Ltd., an exploration and production company, engages in the acquiring, developing, and holding of interests in petroleum and natural gas properties and assets in Canada. The company's oil properties are located in Central Alberta, West Central Saskatchewan, and Southeast Saskatchewan.