Short Interest in Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) Grows By 27.0%

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPMGet Free Report) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 2,181,162 shares, an increase of 27.0% from the December 31st total of 1,717,660 shares. Based on an average daily volume of 594,847 shares, the short-interest ratio is presently 3.7 days. Currently, 7.0% of the company’s stock are short sold. Currently, 7.0% of the company’s stock are short sold. Based on an average daily volume of 594,847 shares, the short-interest ratio is presently 3.7 days.

Evolution Petroleum Stock Performance

Evolution Petroleum stock traded down $0.08 during midday trading on Wednesday, reaching $4.01. 89,318 shares of the company’s stock were exchanged, compared to its average volume of 415,672. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.70 and a current ratio of 0.70. The stock’s 50-day simple moving average is $3.74 and its 200 day simple moving average is $4.41. The firm has a market cap of $140.18 million, a price-to-earnings ratio of -401.50 and a beta of 0.31. Evolution Petroleum has a 52 week low of $3.19 and a 52 week high of $5.70.

Evolution Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid a dividend of $0.12 per share. The ex-dividend date was Monday, December 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 12.0%. Evolution Petroleum’s dividend payout ratio (DPR) is 600.08%.

About Evolution Petroleum

(Get Free Report)

Evolution Petroleum Corporation (NYSE American: EPM) is an independent oil and natural gas company focused on enhanced oil recovery (EOR) through the use of carbon dioxide. Headquartered in Houston, Texas, the company specializes in acquiring and developing mature hydrocarbon reservoirs that benefit from CO₂ injection to increase production efficiency. Evolution Petroleum’s business model combines property acquisition, reservoir engineering, and CO₂ management to optimize recovery of oil and associated gas.

The company’s primary asset is the Jackson Dome CO₂ field in southwestern Mississippi, where natural carbon dioxide is produced, separated and reinjected into adjacent oil-bearing formations.

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