Pharos Energy PLC (OTCMKTS:SOCLF – Get Free Report) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 3,618 shares, a decrease of 52.8% from the August 15th total of 7,665 shares. Based on an average daily trading volume, of 15,809 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.
Pharos Energy Stock Performance
Shares of SOCLF stock opened at $0.36 on Wednesday. Pharos Energy has a fifty-two week low of $0.24 and a fifty-two week high of $0.45. The stock’s 50-day simple moving average is $0.40 and its 200-day simple moving average is $0.39.
About Pharos Energy
Pharos Energy plc is an independent oil and gas exploration and production company headquartered in the United Kingdom. The company focuses on the exploration, development and production of hydrocarbons, with operations historically concentrated in Southeast Asia and the Middle East.
Pharos has held interests in producing and development assets offshore Vietnam, including the Te Giac Trang (TGT) and Ca Ngu Vang (CNV) fields in the Cuu Long Basin. Its activities in Vietnam have included field development, drilling, production operations and efforts to extend the life and recovery potential of existing assets.
The company has also pursued exploration and production opportunities in Egypt, particularly in the Western Desert.
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