Energean plc (OTCMKTS:EERGF) Sees Large Decline in Short Interest

Energean plc (OTCMKTS:EERGF) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totalling 205,300 shares, a decrease of 48.6% from the December 31st total of 399,500 shares. Based on an average trading volume of 200 shares, the days-to-cover ratio is presently 1,026.5 days.

Energean Price Performance

Shares of OTCMKTS EERGF remained flat at $12.60 during trading on Wednesday. 130 shares of the stock traded hands, compared to its average volume of 650. Energean has a 12-month low of $11.85 and a 12-month high of $15.35. The company’s 50 day moving average price is $13.31 and its two-hundred day moving average price is $12.87.

Energean Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 6th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.20 annualized dividend and a dividend yield of 9.52%.

About Energean

Energean plc engages in the exploration, development, and production of oil and gas. It operates through four segments: Europe, Israel, Egypt, and New Ventures. The company holds interests in the Eastern Mediterranean. Its flagship project is the Karish project located in Israel. It also provides financing services; and holds a gas transportation license.