New Concept Energy, Inc. (NYSEAMERICAN:GBR) saw a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 209,953 shares, a drop of 6.1% from the November 15th total of 223,513 shares. Based on an average daily trading volume, of 362,210 shares, the short-interest ratio is currently 0.6 days. Approximately 10.3% of the shares of the company are short sold.
New Concept Energy (GBR) traded down $0.01 on Monday, reaching $1.36. 16,600 shares of the company traded hands, compared to its average volume of 175,928. New Concept Energy has a 52 week low of $1.00 and a 52 week high of $3.79.
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New Concept Energy, Inc is an oil and gas company. The Company, through its subsidiaries Mountaineer State Energy, Inc and Mountaineer State Operations, LLC, owns and operates oil and gas wells, and mineral leases in Athens and Meigs Counties in Ohio and in Calhoun, Jackson and Roane Counties in West Virginia.
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