Veren Inc. (NYSE:VRN) Short Interest Up 39.6% in February

Veren Inc. (NYSE:VRN) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 16,240,000 shares, a growth of 39.6% from the February 13th total of 11,630,000 shares. Approximately 2.7% of the company’s shares are short sold. Based on an average daily trading volume, of 17,170,000 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VRN. Versor Investments LP bought a new position in Veren during the 3rd quarter worth about $354,000. PCJ Investment Counsel Ltd. grew its holdings in Veren by 36.1% during the 3rd quarter. PCJ Investment Counsel Ltd. now owns 101,610 shares of the company’s stock worth $626,000 after acquiring an additional 26,940 shares in the last quarter. Foundry Partners LLC bought a new position in Veren during the 3rd quarter worth about $6,734,000. Charles Schwab Investment Management Inc. grew its holdings in Veren by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,860,312 shares of the company’s stock worth $11,470,000 after acquiring an additional 50,997 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Veren during the 3rd quarter worth about $1,065,000. 49.37% of the stock is currently owned by institutional investors.

Veren Trading Up 1.9 %

VRN stock traded up $0.12 during trading on Friday, hitting $6.11. The company had a trading volume of 21,724,940 shares, compared to its average volume of 8,387,324. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.34. Veren has a 52-week low of $4.40 and a 52-week high of $9.02. The company has a 50 day simple moving average of $5.30 and a 200-day simple moving average of $5.59. The firm has a market capitalization of $3.74 billion, a P/E ratio of 4.36 and a beta of 2.08.

Veren Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th will be issued a dividend of $0.0797 per share. This represents a $0.32 annualized dividend and a yield of 5.22%. The ex-dividend date is Friday, March 14th. Veren’s payout ratio is 100.00%.

Veren Company Profile

Veren Inc explores, develops, and produces oil and gas properties in Canada and the United States. The company focuses on crude oil, tight oil, natural gas liquids, shale gas, and natural gas reserves. Its properties are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota.