Epsilon Energy Ltd. (NASDAQ:EPSN) Short Interest Update

Epsilon Energy Ltd. (NASDAQ:EPSN) saw a large decline in short interest in February. As of February 28th, there was short interest totalling 28,200 shares, a decline of 21.4% from the February 13th total of 35,900 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 35,000 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On Epsilon Energy

A number of institutional investors have recently modified their holdings of the business. Bridgeway Capital Management LLC grew its position in Epsilon Energy by 1.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 405,763 shares of the company’s stock valued at $2,520,000 after acquiring an additional 4,115 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Epsilon Energy during the 4th quarter valued at approximately $67,000. Dimensional Fund Advisors LP increased its position in Epsilon Energy by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 701,186 shares of the company’s stock worth $4,354,000 after purchasing an additional 18,358 shares in the last quarter. LPL Financial LLC lifted its stake in Epsilon Energy by 9.5% in the 4th quarter. LPL Financial LLC now owns 144,230 shares of the company’s stock valued at $896,000 after purchasing an additional 12,550 shares during the last quarter. Finally, Truffle Hound Capital LLC acquired a new stake in Epsilon Energy in the fourth quarter valued at approximately $1,490,000. Institutional investors and hedge funds own 60.33% of the company’s stock.

Epsilon Energy Stock Performance

Shares of Epsilon Energy stock traded up $0.25 on Monday, reaching $7.24. 60,730 shares of the stock were exchanged, compared to its average volume of 40,500. The firm’s 50 day moving average is $6.41 and its 200-day moving average is $5.99. The firm has a market cap of $158.14 million, a PE ratio of 28.96 and a beta of 0.33. Epsilon Energy has a one year low of $4.92 and a one year high of $7.24.

Epsilon Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 13th will be issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Thursday, March 13th. Epsilon Energy’s dividend payout ratio is presently 100.00%.

About Epsilon Energy

Epsilon Energy Ltd., a North American onshore independent natural gas and oil company, engages in the acquisition, development, gathering, and production of natural oil and gas reserves in the United States. The company operates through Upstream and Gathering System segments. It has natural gas production in the Marcellus Shale in Pennsylvania; and oil, natural gas liquids, and natural gas production in the Permian Basin in Texas and New Mexico, and Anadarko Basin in Oklahoma.