Short Interest in Energean plc (OTCMKTS:EERGF) Drops By 32.1%

Energean plc (OTCMKTS:EERGF) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 192,500 shares, a drop of 32.1% from the February 28th total of 283,500 shares. Based on an average daily trading volume, of 300 shares, the short-interest ratio is currently 641.7 days.

Energean Price Performance

Shares of Energean stock remained flat at $11.00 during trading on Friday. The stock had a trading volume of 2 shares, compared to its average volume of 1,765. The business’s fifty day moving average is $12.33 and its two-hundred day moving average is $12.76. Energean has a fifty-two week low of $10.69 and a fifty-two week high of $15.35.

Energean Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.20 annualized dividend and a dividend yield of 10.91%.

Energean Company Profile

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.