Short Interest in Vår Energi AS (OTCMKTS:VARRY) Decreases By 52.5%

Vår Energi AS (OTCMKTS:VARRY) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 2,900 shares, a decrease of 52.5% from the August 15th total of 6,100 shares. Based on an average trading volume of 8,800 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 8,800 shares, the days-to-cover ratio is presently 0.3 days.

Vår Energi AS Stock Down 1.0%

Shares of VARRY opened at $6.71 on Friday. Vår Energi AS has a 12-month low of $5.01 and a 12-month high of $7.36. The stock’s fifty day simple moving average is $6.84 and its 200-day simple moving average is $6.16.

Vår Energi AS Company Profile

Vår Energi AS operates as an independent upstream oil and gas company on the Norwegian continental shelf in Norway. It produces crude oil, liquified natural gas, and natural gas liquids. The company was formerly known as Eni Norge AS and changed its name to Vår Energi AS in December 2018. The company was incorporated in 1965 and is headquartered in Sandnes, Norway.