Short Interest in El Paso Corporation (NYSEAMERICAN:EP) Decreases By 41.5%

El Paso Corporation (NYSEAMERICAN:EP) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 660,054 shares, a decrease of 41.5% from the June 15th total of 1,128,603 shares. Based on an average daily trading volume, of 288,746 shares, the days-to-cover ratio is currently 2.3 days. Currently, 2.5% of the company’s stock are short sold.

Institutional Investors Weigh In On El Paso

Several large investors have recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in El Paso in the 2nd quarter worth about $76,000. Tower Research Capital LLC TRC grew its stake in shares of El Paso by 325.9% in the second quarter. Tower Research Capital LLC TRC now owns 7,696 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 5,889 shares during the period. Citadel Advisors LLC purchased a new position in shares of El Paso during the third quarter valued at approximately $93,000. Verdence Capital Advisors LLC raised its holdings in shares of El Paso by 9.5% during the fourth quarter. Verdence Capital Advisors LLC now owns 53,830 shares of the basic materials company’s stock valued at $164,000 after purchasing an additional 4,650 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in El Paso by 138.3% during the fourth quarter. Deutsche Bank AG now owns 27,271 shares of the basic materials company’s stock valued at $83,000 after purchasing an additional 15,828 shares during the period.

El Paso Stock Up 2.9%

NYSEAMERICAN EP traded up $0.07 during mid-day trading on Friday, reaching $2.50. The stock had a trading volume of 24,043 shares, compared to its average volume of 163,293. The stock has a market cap of $99.45 million, a PE ratio of -1.16 and a beta of 0.29. El Paso has a 1 year low of $2.41 and a 1 year high of $5.60. The company has a debt-to-equity ratio of 3.77, a current ratio of 0.59 and a quick ratio of 0.54. The company has a fifty day moving average price of $2.70 and a 200 day moving average price of $2.91.

El Paso (NYSEAMERICAN:EP) last issued its earnings results on Thursday, May 14th. The basic materials company reported ($0.10) EPS for the quarter. The business had revenue of $5.10 million for the quarter. El Paso had a negative net margin of 245.83% and a negative return on equity of 77.50%.

About El Paso

Empire Petroleum Corporation engages in the exploration and development of oil and gas interests in Louisiana, New Mexico, North Dakota, Montana, and Texas. The company was formerly known as Americomm Resources Corporation and changed its name to Empire Petroleum Corporation in August 2001. Empire Petroleum Corporation was incorporated in 1983 and is headquartered in Tulsa, Oklahoma.