Evolution Petroleum Co. (NYSEAMERICAN:EPM) Sees Significant Increase in Short Interest

Evolution Petroleum Co. (NYSEAMERICAN:EPM) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 881,000 shares, an increase of 24.2% from the January 31st total of 709,600 shares. Based on an average daily trading volume, of 190,600 shares, the days-to-cover ratio is currently 4.6 days. Currently, 2.9% of the shares of the stock are sold short.

Evolution Petroleum Price Performance

Shares of EPM stock traded down $0.04 during trading hours on Wednesday, reaching $4.87. The stock had a trading volume of 229,547 shares, compared to its average volume of 244,497. The firm has a market capitalization of $162.46 million, a P/E ratio of 60.88 and a beta of 0.81. Evolution Petroleum has a 12 month low of $4.59 and a 12 month high of $6.29. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.51.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation, an energy company, engages in the development, production, ownership, and exploitation of onshore oil and gas properties in the United States. The company holds interests in a CO2 enhanced oil recovery project in Louisiana's Delhi field. Its Delhi Holt-Bryant Unit covers an area of approximately 13,636 acres located in Northeast Louisiana.