Vår Energi AS (OTCMKTS:VARRY) Sees Large Growth in Short Interest

Vår Energi AS (OTCMKTS:VARRY) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 5,100 shares, a growth of 2,450.0% from the February 28th total of 200 shares. Based on an average trading volume of 1,700 shares, the days-to-cover ratio is currently 3.0 days.

Vår Energi AS Stock Performance

Shares of OTCMKTS:VARRY opened at $5.75 on Thursday. The company’s fifty day moving average is $6.19 and its 200-day moving average is $6.27. Vår Energi AS has a 52 week low of $5.09 and a 52 week high of $7.38.

Vår Energi AS Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, February 24th were issued a $0.2156 dividend. The ex-dividend date was Monday, February 24th.

Vår Energi AS Company Profile

Vår Energi AS operates as an independent upstream oil and gas company on the Norwegian continental shelf in Norway. It produces crude oil, liquified natural gas, and natural gas liquids. The company was formerly known as Eni Norge AS and changed its name to Vår Energi AS in December 2018. The company was incorporated in 1965 and is headquartered in Sandnes, Norway.