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Evolution Petroleum Corp. (NYSE:EPM) saw a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 936,721 shares, an increase of 6.1% from the July 31st total of 882,459 shares, AnalystRatingsNetwork reports. Based on an average daily trading volume, of 92,546 shares, the short-interest ratio is presently 10.1 days. Approximately 3.4% of the shares of the company are sold short.

Separately, analysts at EuroPacific Canada cut their price target on shares of Evolution Petroleum Corp. from $12.50 to $12.00 in a research note on Friday, August 15th.

Shares of Evolution Petroleum Corp. (NYSE:EPM) opened at 9.83 on Wednesday. Evolution Petroleum Corp. has a 1-year low of $9.65 and a 1-year high of $13.83. The stock’s 50-day moving average is $10.64 and its 200-day moving average is $11.59. The company has a market cap of $318.6 million and a P/E ratio of 123.63.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 4.04%. The ex-dividend date is Thursday, September 11th.

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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