MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság (OTCMKTS:MGYOY) Sees Large Drop in Short Interest

MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság (OTCMKTS:MGYOY) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 31,580 shares, a drop of 54.9% from the July 30th total of 70,018 shares. Based on an average daily trading volume, of 53,613 shares, the short-interest ratio is presently 0.6 days.

MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság Trading Up 1.4%

OTCMKTS MGYOY traded up $0.11 on Friday, hitting $8.14. The company’s stock had a trading volume of 29,718 shares, compared to its average volume of 53,423. The company’s 50-day moving average is $7.07 and its 200 day moving average is $6.54. MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság has a 1-year low of $3.85 and a 1-year high of $8.41.

About MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság

MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság (OTCMKTS: MGYOY) is a Hungary‐based integrated oil and gas company engaged in exploration, production, refining, marketing and distribution of hydrocarbons. Its upstream activities encompass exploration and production of crude oil and natural gas across Central and Eastern Europe, the Middle East and North Africa. In its downstream segment, MOL operates refineries and a network of service stations under the MOL and Slovnaft brands, supplying fuels, lubricants and speciality petrochemical products to industrial and retail customers.

The company’s petrochemicals division manufactures olefins, polyolefins and other chemical intermediates for use in plastics, packaging and automotive components.