Karoon Energy Ltd (OTCMKTS:KRNGF – Get Free Report) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 515,454 shares, an increase of 876.3% from the June 30th total of 52,794 shares. Based on an average trading volume of 1,000 shares, the short-interest ratio is presently 515.5 days.
Karoon Energy Stock Performance
Shares of Karoon Energy stock opened at $1.07 on Friday. Karoon Energy has a one year low of $0.89 and a one year high of $1.61. The firm has a fifty day moving average of $1.17 and a two-hundred day moving average of $1.26.
About Karoon Energy
Karoon Energy is an Australian-based oil and gas exploration and production company with a strategic focus on deepwater offshore Brazil. Headquartered in Perth, the company maintains regional offices in Houston and Rio de Janeiro to support technical and commercial operations. Since its establishment in 2005, Karoon has transitioned from onshore Australian projects to build a high-potential portfolio in the prolific Santos and Campos basins.
The company’s flagship asset is its interest in the Sépia oil province in the Santos Basin, which commenced production in late 2020.
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