Evolution Petroleum Co. (NYSEAMERICAN:EPM) Sees Significant Decrease in Short Interest

Evolution Petroleum Co. (NYSEAMERICAN:EPM) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 928,500 shares, a drop of 9.9% from the July 15th total of 1,030,000 shares. Based on an average daily trading volume, of 300,000 shares, the short-interest ratio is presently 3.1 days. Approximately 3.1% of the shares of the company are sold short.

Evolution Petroleum Stock Performance

NYSEAMERICAN:EPM opened at $5.15 on Tuesday. Evolution Petroleum has a one year low of $4.66 and a one year high of $9.84. The firm has a market capitalization of $171.80 million, a PE ratio of 64.38 and a beta of 0.83. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.51.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Evolution Petroleum from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th.

Institutional Trading of Evolution Petroleum

A number of hedge funds and other institutional investors have recently bought and sold shares of EPM. Raymond James & Associates lifted its holdings in Evolution Petroleum by 39.0% during the fourth quarter. Raymond James & Associates now owns 46,250 shares of the energy company’s stock valued at $269,000 after purchasing an additional 12,971 shares in the last quarter. New York State Common Retirement Fund increased its stake in Evolution Petroleum by 17.3% in the 4th quarter. New York State Common Retirement Fund now owns 67,666 shares of the energy company’s stock worth $393,000 after buying an additional 10,000 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Evolution Petroleum by 39.8% during the fourth quarter. Russell Investments Group Ltd. now owns 520,528 shares of the energy company’s stock valued at $3,024,000 after acquiring an additional 148,178 shares during the period. WealthTrust Axiom LLC boosted its stake in shares of Evolution Petroleum by 1.5% in the fourth quarter. WealthTrust Axiom LLC now owns 1,666,452 shares of the energy company’s stock worth $9,682,000 after acquiring an additional 24,853 shares during the period. Finally, Gladius Capital Management LP purchased a new stake in shares of Evolution Petroleum during the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 60.07% of the company’s stock.

About Evolution Petroleum

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.