Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) Sees Large Growth in Short Interest

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 2,181,162 shares, an increase of 27.0% from the December 31st total of 1,717,660 shares. Based on an average daily volume of 594,847 shares, the days-to-cover ratio is currently 3.7 days. Currently, 7.0% of the company’s stock are short sold. Currently, 7.0% of the company’s stock are short sold. Based on an average daily volume of 594,847 shares, the days-to-cover ratio is currently 3.7 days.

Evolution Petroleum Stock Up 1.3%

NYSEAMERICAN:EPM traded up $0.05 during trading hours on Monday, hitting $3.99. 257,721 shares of the company’s stock traded hands, compared to its average volume of 430,820. The stock’s fifty day moving average price is $3.74 and its two-hundred day moving average price is $4.42. The firm has a market cap of $139.65 million, a P/E ratio of -399.00 and a beta of 0.31. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.70 and a current ratio of 0.70. Evolution Petroleum has a twelve month low of $3.19 and a twelve month high of $5.70.

Evolution Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 12.0%. The ex-dividend date was Monday, December 15th. Evolution Petroleum’s dividend payout ratio (DPR) is currently 600.08%.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation (NYSE American: EPM) is an independent oil and natural gas company focused on enhanced oil recovery (EOR) through the use of carbon dioxide. Headquartered in Houston, Texas, the company specializes in acquiring and developing mature hydrocarbon reservoirs that benefit from CO? injection to increase production efficiency. Evolution Petroleum’s business model combines property acquisition, reservoir engineering, and CO? management to optimize recovery of oil and associated gas.

The company’s primary asset is the Jackson Dome CO? field in southwestern Mississippi, where natural carbon dioxide is produced, separated and reinjected into adjacent oil-bearing formations.