Short Interest in Vaalco Energy Inc. (EGY) Drops By 35.8%
Vaalco Energy Inc. (NYSE:EGY) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 427,138 shares, a drop of 35.8% from the August 15th total of 665,788 shares. Based on an average daily volume of 139,140 shares, the short-interest ratio is presently 3.1 days. Currently, 0.9% of the shares of the company are sold short.
In other Vaalco Energy news, Director Alfred John Jr. Knapp bought 30,000 shares of Vaalco Energy stock in a transaction that occurred on Tuesday, August 23rd. The stock was purchased at an average price of $1.03 per share, with a total value of $30,900.00. Following the completion of the acquisition, the director now directly owns 193,042 shares in the company, valued at approximately $198,833.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.40% of the company’s stock.
Several large investors have recently modified their holdings of EGY. Bank of New York Mellon Corp increased its stake in shares of Vaalco Energy by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 137,344 shares of the energy company’s stock worth $146,000 after buying an additional 1,108 shares during the period. Royal Bank of Canada increased its stake in shares of Vaalco Energy by 2.6% in the second quarter. Royal Bank of Canada now owns 412,440 shares of the energy company’s stock worth $437,000 after buying an additional 10,312 shares during the period. BlackRock Fund Advisors increased its stake in shares of Vaalco Energy by 21.1% in the second quarter. BlackRock Fund Advisors now owns 155,522 shares of the energy company’s stock worth $165,000 after buying an additional 27,064 shares during the period. Adams Asset Advisors LLC increased its stake in shares of Vaalco Energy by 18.1% in the second quarter. Adams Asset Advisors LLC now owns 592,407 shares of the energy company’s stock worth $627,000 after buying an additional 90,909 shares during the period. Finally, Spark Investment Management LLC increased its stake in shares of Vaalco Energy by 101.9% in the first quarter. Spark Investment Management LLC now owns 376,000 shares of the energy company’s stock worth $353,000 after buying an additional 189,800 shares during the period. Institutional investors and hedge funds own 43.15% of the company’s stock.
Vaalco Energy (NYSE:EGY) opened at 0.9335 on Friday. Vaalco Energy has a 12-month low of $0.76 and a 12-month high of $2.32. The stock’s market cap is $54.50 million. The firm has a 50-day moving average of $0.99 and a 200-day moving average of $1.04.
Vaalco Energy Company Profile
VAALCO Energy, Inc is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and natural gas. Its segments include Gabon, Angola, Equatorial Guinea, the United States, and Corporate and other, which includes corporate and operations support.
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