Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) Sees Large Growth in Short Interest

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 2,181,162 shares, a growth of 27.0% from the December 31st total of 1,717,660 shares. Based on an average daily volume of 594,847 shares, the days-to-cover ratio is currently 3.7 days. Currently, 7.0% of the shares of the stock are short sold. Currently, 7.0% of the shares of the stock are short sold. Based on an average daily volume of 594,847 shares, the days-to-cover ratio is currently 3.7 days.

Evolution Petroleum Price Performance

NYSEAMERICAN:EPM traded up $0.05 during trading hours on Monday, reaching $3.99. 257,721 shares of the company’s stock were exchanged, compared to its average volume of 430,820. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $139.65 million, a P/E ratio of -399.00 and a beta of 0.31. Evolution Petroleum has a 12 month low of $3.19 and a 12 month high of $5.70. The business’s 50-day simple moving average is $3.74 and its two-hundred day simple moving average is $4.42.

Evolution Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a $0.12 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.48 dividend on an annualized basis and a yield of 12.0%. Evolution Petroleum’s dividend payout ratio (DPR) is currently 600.08%.

About Evolution Petroleum

Evolution Petroleum Corporation (NYSE American: EPM) is an independent oil and natural gas company focused on enhanced oil recovery (EOR) through the use of carbon dioxide. Headquartered in Houston, Texas, the company specializes in acquiring and developing mature hydrocarbon reservoirs that benefit from CO₂ injection to increase production efficiency. Evolution Petroleum’s business model combines property acquisition, reservoir engineering, and CO₂ management to optimize recovery of oil and associated gas.

The company’s primary asset is the Jackson Dome CO₂ field in southwestern Mississippi, where natural carbon dioxide is produced, separated and reinjected into adjacent oil-bearing formations.