Noteworthy Short Interest Filing: What’s Ahead for Evolution Petroleum Corporation (NYSEMKT:EPM) After More Shorted Shares?

November 28, 2016 - By Clifton Ray   ·   0 Comments

Noteworthy Short Interest Filing: What’s Ahead for Evolution Petroleum Corporation (NYSEMKT:EPM) After More Shorted Shares?

The stock of Evolution Petroleum Corporation (NYSEMKT:EPM) registered an increase of 54.7% in short interest. EPM’s total short interest was 613,400 shares in November as published by FINRA. Its up 54.7% from 396,500 shares, reported previously. With 266,000 shares average volume, it will take short sellers 2 days to cover their EPM’s short positions. The short interest to Evolution Petroleum Corporation’s float is 2.45%. The stock last traded at $8.4 per share. It is down 57.89% since April 25, 2016 and is uptrending. It has outperformed by 51.88% the S&P500.

Evolution Petroleum Corporation is an independent gas and oil company. The company has a market cap of $275.94 million. The Firm is engaged in the acquisition, exploitation and development of properties for the production of natural gas and crude oil, onshore in the United States. It has a 12.79 P/E ratio. The Company’s assets include interests in a carbon dioxide enhanced oil recovery project (EOR) in Louisiana’s Delhi field.

Insitutional Activity: The institutional sentiment increased to 1.34 in Q2 2016. Its up 0.46, from 0.88 in 2016Q1. The ratio improved, as 6 funds sold all Evolution Petroleum Corp shares owned while 26 reduced positions. 5 funds bought stakes while 23 increased positions. They now own 23.53 million shares or 0.37% more from 23.45 million shares in 2016Q1.
Moreover, Thomson Horstmann Bryant Inc has 0.74% invested in Evolution Petroleum Corp (NYSEMKT:EPM) for 1.05 million shares. Dimensional Fund Advisors Ltd Partnership holds 0% of its portfolio in Evolution Petroleum Corp (NYSEMKT:EPM) for 240,768 shares. The Georgia-based Invesco Ltd has invested 0% in Evolution Petroleum Corp (NYSEMKT:EPM). Fincl Bank Of Montreal Can accumulated 3,385 shares or 0% of the stock. Ny State Common Retirement Fund has invested 0% of its portfolio in Evolution Petroleum Corp (NYSEMKT:EPM). Numeric Ltd Liability Company reported 18,902 shares or 0% of all its holdings. The New York-based Citigroup has invested 0% in Evolution Petroleum Corp (NYSEMKT:EPM). Blackrock Inv Management Limited Liability Company, a New Jersey-based fund reported 88,576 shares. Amer Grp Inc has 14,050 shares for 0% of their US portfolio. Fmr Ltd Liability Corp last reported 0% of its portfolio in the stock. Connors Investor Service reported 30,000 shares or 0.03% of all its holdings. California Employees Retirement Systems holds 0% of its portfolio in Evolution Petroleum Corp (NYSEMKT:EPM) for 107,811 shares. Savings Bank Of America De reported 3,154 shares or 0% of all its holdings. Ameriprise Fincl Incorporated has 0% invested in the company for 397,979 shares. Blackrock Advsrs Limited Liability Company last reported 0% of its portfolio in the stock.

Evolution Petroleum Corp (NYSEMKT:EPM) Ratings Coverage

Out of 3 analysts covering Evolution Petroleum (NYSEMKT:EPM), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Evolution Petroleum has been the topic of 5 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The firm has “Market Perform” rating by Northland Capital given on Thursday, October 20. The company was downgraded on Monday, November 9 by Northland Capital. As per Thursday, October 15, the company rating was initiated by Sidoti.

EPM Company Profile

Evolution Petroleum Corporation, incorporated on January 23, 2002, is an independent gas and oil company. The Firm is engaged in the acquisition, exploitation and development of properties for the production of natural gas and crude oil, onshore in the United States. The Company’s assets include interests in a carbon dioxide (CO2) enhanced oil recovery project (EOR) in Louisiana’s Delhi field. The Company’s artificial lift technology is Gas Assisted Rod Pump (GARP). The Firm tested GARP technology on marginal producing wells that it owns and operates in the Giddings Field.

More news for Evolution Petroleum Corp (NYSEMKT:EPM) were recently published by: Seekingalpha.com, which released: “The Simple Math Behind Evolution Petroleum Corp.” on June 12, 2016. Seekingalpha.com‘s article titled: “Evolution Petroleum: Time To Take Profits?” and published on November 23, 2016 is yet another important article.

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By Clifton Ray


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