Energean plc (OTCMKTS:EERGF – Get Free Report) was the recipient of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 488,800 shares, a drop of 42.0% from the November 15th total of 842,800 shares. Based on an average trading volume of 300 shares, the days-to-cover ratio is presently 1,629.3 days.
Energean Price Performance
Shares of EERGF stock remained flat at $13.85 during trading on Thursday. The company’s 50 day simple moving average is $12.92 and its 200 day simple moving average is $13.02. Energean has a one year low of $11.84 and a one year high of $15.35.
Energean Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 6th will be given a $0.30 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.20 dividend on an annualized basis and a yield of 8.66%.
About Energean
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.
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