Vår Energi AS (OTCMKTS:VARRY) Sees Significant Decline in Short Interest

Vår Energi AS (OTCMKTS:VARRY) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 5,926 shares, a drop of 42.3% from the November 30th total of 10,266 shares. Based on an average daily trading volume, of 4,882 shares, the short-interest ratio is presently 1.2 days. Based on an average daily trading volume, of 4,882 shares, the short-interest ratio is presently 1.2 days.

Vår Energi AS Stock Performance

Shares of OTCMKTS:VARRY opened at $6.32 on Friday. The firm has a fifty day moving average price of $6.48 and a 200 day moving average price of $6.67. Vår Energi AS has a fifty-two week low of $5.01 and a fifty-two week high of $7.36.

Vår Energi AS Company Profile

Vår Energi AS is a Norway-based independent oil and gas exploration and production company listed on the OTC Markets (OTCMKTS: VARRY). Established in January 2018 through the merger of Eni Norge AS and Point Resources ASA, Vår Energi has rapidly become one of the largest operators on the Norwegian Continental Shelf. The company focuses on discovering, developing and producing hydrocarbons, with a portfolio that spans several prolific offshore fields.

The company’s operations are concentrated in the North Sea, the Norwegian Sea and the Barents Sea, where it holds interests in both operated and non-operated assets.