Short Interest in Evolution Petroleum Corp. Increases By 2.6% (EPM)
Shares of Evolution Petroleum Corp. (NYSE:EPM) were the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 882,459 shares, an increase of 2.6% from the July 15th total of 860,400 shares, AnalystRatingsNetwork.com reports. Approximately 3.2% of the company’s shares are sold short. Based on an average daily volume of 87,123 shares, the short-interest ratio is presently 10.1 days.
Evolution Petroleum Corp. (NYSE:EPM) opened at 10.42 on Wednesday. Evolution Petroleum Corp. has a 1-year low of $9.92 and a 1-year high of $13.83. The stock’s 50-day moving average is $10.90 and its 200-day moving average is $11.81. The company has a market cap of $337.7 million and a price-to-earnings ratio of 132.50.
Evolution Petroleum Corporation (NYSE:EPM) is a petroleum company engaged primarily in the acquisition, exploitation and development of properties for the production of crude oil and natural gas, onshore in the United States.
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