OIL SEARCH LTD/ADR (OTCMKTS:OISHY) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 1,200 shares, an increase of 20.0% from the August 15th total of 1,000 shares. Based on an average daily trading volume, of 2,700 shares, the days-to-cover ratio is currently 0.4 days.
OISHY traded up $0.16 during trading on Wednesday, hitting $10.56. The company had a trading volume of 596 shares, compared to its average volume of 4,191. The business has a 50-day moving average of $10.95 and a 200-day moving average of $10.62. OIL SEARCH LTD/ADR has a 1-year low of $5.47 and a 1-year high of $27.21.
Separately, Citigroup upgraded shares of OIL SEARCH LTD/ADR from a “neutral” rating to a “buy” rating in a report on Wednesday, August 26th.
Oil Search Limited explores for, develops, and produces oil and gas properties in Papua New Guinea, the United States, and Australia. The company operates through PNG Business Unit and Alaska Business Unit segments. It is involved in the development, production, and sale of hydrocarbons, liquefied natural gas, crude oil, natural gas, condensate, naphtha, and other refined products; and power generation activities.
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