Short Interest in Energean plc (OTCMKTS:EERGF) Drops By 32.1%

Energean plc (OTCMKTS:EERGFGet Free Report) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 192,500 shares, a decrease of 32.1% from the February 28th total of 283,500 shares. Based on an average trading volume of 300 shares, the days-to-cover ratio is presently 641.7 days.

Energean Price Performance

Shares of OTCMKTS:EERGF remained flat at $11.00 during trading on Monday. 2 shares of the stock traded hands, compared to its average volume of 1,765. Energean has a 12 month low of $10.69 and a 12 month high of $15.35. The company’s fifty day moving average is $12.33 and its 200-day moving average is $12.77.

Energean Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $0.30 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.20 dividend on an annualized basis and a yield of 10.91%.

About Energean

(Get Free Report)

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.

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