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Energy XXI (Bermuda) Limited (NASDAQ:EXXI) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totalling 11,937,025 shares, a decline of 7.4% from the July 15th total of 12,890,411 shares, AnalystRatings.NET reports. Based on an average trading volume of 1,176,368 shares, the short-interest ratio is presently 10.1 days. Currently, 13.2% of the shares of the stock are sold short.

A number of research firms have recently commented on EXXI. Analysts at BMO Capital Markets initiated coverage on shares of Energy XXI (Bermuda) Limited in a research note on Tuesday, May 27th. They set an “outperform” rating and a $28.00 price target on the stock. Analysts at Raymond James upgraded shares of Energy XXI (Bermuda) Limited from an “outperform” rating to a “strong-buy” rating in a research note on Monday, May 19th. They now have a $29.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $31.33.

Shares of Energy XXI (NASDAQ:EXXI) opened at 19.66 on Wednesday. Energy XXI has a 52 week low of $18.71 and a 52 week high of $33.93. The stock has a 50-day moving average of $21.37 and a 200-day moving average of $22.44. The company has a market cap of $1.383 billion and a price-to-earnings ratio of 13.57.

The company also recently declared a quarterly dividend, which is scheduled for Friday, September 12th. Investors of record on Friday, August 29th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.37%.

Energy XXI (NASDAQ:EXXI) Limited (Energy XXI) is an independent oil and natural gas exploration and production company with operations focused in the United States Gulf Coast and the Gulf of Mexico.

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