Gulf Keystone Petroleum Limited (OTCMKTS:GUKYF) Short Interest Up 743.3% in May

Gulf Keystone Petroleum Limited (OTCMKTS:GUKYF – Get Rating) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 25,300 shares, an increase of 743.3% from the April 30th total of 3,000 shares. Based on an average trading volume of 6,200 shares, the days-to-cover ratio is presently 4.1 days.

Analyst Ratings Changes

Separately, Peel Hunt lowered Gulf Keystone Petroleum from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th.

Gulf Keystone Petroleum Stock Performance

GUKYF opened at $1.65 on Friday. Gulf Keystone Petroleum has a 1 year low of $1.61 and a 1 year high of $3.90. The stock’s 50 day simple moving average is $1.90 and its 200 day simple moving average is $2.26.

About Gulf Keystone Petroleum

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Gulf Keystone Petroleum Ltd. is an independent oil and gas exploration and production company with operations in the Kurdistan Region of Iraq and the Republic of Algeria. It operates through the following segments: Kurdistan Region of Iraq, Corporate, and Algeria. The Kurdistan Region of Iraq segment comprises of the Shaikan and the Erbil office which provides support to the operations in Kurdistan, as well as segmental information relating to the previously held Akri-Bijeel, Sheikh Adi and Ber Bahr blocks.