Short Interest in Evolution Petroleum Co. (NYSEAMERICAN:EPM) Drops By 16.0%

Evolution Petroleum Co. (NYSEAMERICAN:EPM - Get Free Report) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 839,400 shares, a decline of 16.0% from the March 15th total of 998,800 shares. Based on an average daily volume of 185,900 shares, the days-to-cover ratio is currently 4.5 days. Currently, 2.7% of the shares of the stock are short sold.

Evolution Petroleum Price Performance

Shares of NYSEAMERICAN EPM remained flat at $4.24 during mid-day trading on Friday. The company had a trading volume of 65,584 shares, compared to its average volume of 240,243. Evolution Petroleum has a twelve month low of $4.10 and a twelve month high of $6.14. The firm has a market cap of $141.45 million, a PE ratio of 53.01 and a beta of 0.81. The company has a quick ratio of 1.49, a current 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.