Energean plc (OTCMKTS:EERGF) Sees Significant Drop in Short Interest

Energean plc (OTCMKTS:EERGF) was the target of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 192,500 shares, a decrease of 32.1% from the February 28th total of 283,500 shares. Based on an average daily trading volume, of 300 shares, the days-to-cover ratio is currently 641.7 days.

Energean Price Performance

Shares of Energean stock opened at $11.00 on Tuesday. Energean has a 12 month low of $10.69 and a 12 month high of $15.35. The business has a 50 day simple moving average of $12.30 and a two-hundred day simple moving average of $12.76.

Energean Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 10.91%. The ex-dividend date of this dividend was Friday, March 7th.

Energean Company Profile

Energean plc engages in the exploration, development, and production of oil and gas. It operates through four segments: Europe, Israel, Egypt, and New Ventures. The company holds interests in the Eastern Mediterranean. Its flagship project is the Karish project located in Israel. It also provides financing services; and holds a gas transportation license.