Erin Energy Corp (NYSEAMERICAN:ERN) was the target of a significant growth in short interest in the month of April. As of April 13th, there was short interest totalling 560,426 shares, a growth of 20.0% from the March 30th total of 467,215 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average trading volume of 26,027 shares, the days-to-cover ratio is currently 21.5 days.

Erin Energy stock opened at $1.62 on Thursday. Erin Energy has a twelve month low of $1.15 and a twelve month high of $4.00.

Erin Energy (NYSEAMERICAN:ERN) last posted its quarterly earnings data on Thursday, March 15th. The company reported ($0.06) earnings per share for the quarter. The firm had revenue of $21.66 million during the quarter.

Several institutional investors have recently bought and sold shares of ERN. Carnick & Kubik Group LLC purchased a new stake in shares of Erin Energy during the fourth quarter worth $123,000. Northern Trust Corp increased its position in shares of Erin Energy by 27.1% during the second quarter. Northern Trust Corp now owns 123,686 shares of the company’s stock worth $179,000 after acquiring an additional 26,408 shares during the period. Finally, Schwab Charles Investment Management Inc. purchased a new stake in shares of Erin Energy during the third quarter worth $197,000.

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About Erin Energy

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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