Serica Energy plc (OTCMKTS:SQZZF) Sees Large Growth in Short Interest

Serica Energy plc (OTCMKTS:SQZZF) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 228,500 shares, an increase of 99.9% from the October 15th total of 114,300 shares. Based on an average daily trading volume, of 5,300 shares, the days-to-cover ratio is currently 43.1 days.

Serica Energy Stock Performance

Shares of OTCMKTS SQZZF traded up $0.37 during trading on Friday, reaching $2.00. 613 shares of the company traded hands, compared to its average volume of 3,350. The firm has a 50 day simple moving average of $1.70 and a 200-day simple moving average of $1.89. Serica Energy has a 52-week low of $1.31 and a 52-week high of $3.30.

About Serica Energy

Serica Energy plc, an upstream oil and gas company, identifies, acquires, explores, exploits, and produces oil and gas reserves in the United Kingdom. The company is based in London, the United Kingdom.