Energean plc (OTCMKTS:EERGF) Short Interest Down 48.6% in January

Energean plc (OTCMKTS:EERGF) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 205,300 shares, a decline of 48.6% from the December 31st total of 399,500 shares. Based on an average daily volume of 200 shares, the short-interest ratio is presently 1,026.5 days.

Energean Stock Performance

Shares of EERGF remained flat at $12.60 during mid-day trading on Wednesday. The stock had a trading volume of 130 shares, compared to its average volume of 650. Energean has a 12 month low of $11.85 and a 12 month high of $15.35. The business has a 50 day moving average of $13.31 and a 200-day moving average of $12.87.

Energean Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 6th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 9.52%. The ex-dividend date of this dividend was Friday, December 6th.

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.