Erin Energy Corp (ERN) Sees Large Decline in Short Interest
Erin Energy Corp (NYSE:ERN) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 2,307,088 shares, a decrease of 0.4% from the September 15th total of 2,315,307 shares. Based on an average daily volume of 127,765 shares, the days-to-cover ratio is currently 18.1 days. Approximately 25.1% of the company’s stock are sold short.
Erin Energy Corp (NYSE:ERN) opened at 2.40 on Friday. The stock’s 50 day moving average is $2.33 and its 200 day moving average is $2.26. The firm’s market cap is $509.84 million. Erin Energy Corp has a 52 week low of $1.12 and a 52 week high of $4.75.
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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