Erin Energy Corp (NYSE:ERN) was the recipient of a significant decline in short interest during the month of September. As of September 29th, there was short interest totalling 738,062 shares, a decline of 42.5% from the September 15th total of 1,283,670 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily trading volume, of 83,801 shares, the days-to-cover ratio is presently 8.8 days.

Erin Energy Corp (NYSE:ERN) opened at 3.10 on Wednesday. The firm’s 50-day moving average price is $2.83 and its 200-day moving average price is $2.11. Erin Energy Corp has a 12 month low of $1.15 and a 12 month high of $4.10. The firm’s market cap is $661.10 million.

A hedge fund recently raised its stake in Erin Energy Corp stock. Northern Trust Corp lifted its stake in shares of Erin Energy Corp (NYSE:ERN) by 27.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 123,686 shares of the company’s stock after purchasing an additional 26,408 shares during the period. Northern Trust Corp owned 0.06% of Erin Energy Corp worth $179,000 at the end of the most recent quarter.

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About Erin Energy Corp

Erin Energy Corporation is an independent oil and gas exploration and production company. The Company is focused on energy resources in Africa. It is focused on exploration for and production of hydrocarbons where commercial reserves have been found and developed. As of December 31, 2016, the Company’s asset portfolio consisted of seven licenses across four countries covering an area of approximately five million acres (approximately 19,000 square kilometers).

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