Erin Energy Corp (ERN) Sees Significant Drop in Short Interest
Erin Energy Corp (NYSE:ERN) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 2,315,307 shares, a decrease of 1.4% from the August 31st total of 2,347,950 shares. Currently, 25.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 41,860 shares, the days-to-cover ratio is presently 55.3 days.
Shares of Erin Energy Corp (NYSE:ERN) opened at 2.16 on Wednesday. Erin Energy Corp has a 52 week low of $1.12 and a 52 week high of $4.78. The company’s market capitalization is $458.86 million. The firm’s 50-day moving average is $2.39 and its 200 day moving average is $2.25.
Erin Energy Corp Company Profile
Erin Energy Corporation, formerly Camac Energy Inc, is an independent oil and gas exploration and production company. The Company is focused on energy resources in Africa. The Company’s asset portfolio consists of approximately nine licenses in over four countries covering an area of approximately 40,000 square kilometers (over 10 million acres).
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