Short Interest in Epsilon Energy Ltd. (NASDAQ:EPSN) Decreases By 21.4%

Epsilon Energy Ltd. (NASDAQ:EPSN) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 28,200 shares, a decrease of 21.4% from the February 13th total of 35,900 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 35,000 shares, the days-to-cover ratio is presently 0.8 days.

Epsilon Energy Trading Up 0.4 %

NASDAQ EPSN traded up $0.03 during midday trading on Wednesday, hitting $7.24. The company had a trading volume of 44,421 shares, compared to its average volume of 39,393. The firm has a 50-day moving average price of $6.44 and a 200-day moving average price of $6.01. The company has a market capitalization of $158.24 million, a PE ratio of 28.96 and a beta of 0.33. Epsilon Energy has a twelve month low of $4.92 and a twelve month high of $7.43.

Epsilon Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Thursday, March 13th. Epsilon Energy’s dividend payout ratio (DPR) is presently 100.00%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Bridgeway Capital Management LLC boosted its position in Epsilon Energy by 1.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 405,763 shares of the company’s stock valued at $2,520,000 after buying an additional 4,115 shares in the last quarter. Jane Street Group LLC bought a new stake in Epsilon Energy during the 4th quarter worth $67,000. Dimensional Fund Advisors LP lifted its stake in shares of Epsilon Energy by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 701,186 shares of the company’s stock worth $4,354,000 after acquiring an additional 18,358 shares during the period. LPL Financial LLC raised its holdings in Epsilon Energy by 9.5% during the 4th quarter. LPL Financial LLC now owns 144,230 shares of the company’s stock worth $896,000 after purchasing an additional 12,550 shares during the last quarter. Finally, Truffle Hound Capital LLC acquired a new position in shares of Epsilon Energy in the 4th quarter worth approximately $1,490,000. 60.33% of the stock is currently owned by institutional investors and hedge funds.

Epsilon Energy Company Profile

Epsilon Energy Ltd., a North American onshore independent natural gas and oil company, engages in the acquisition, development, gathering, and production of natural oil and gas reserves in the United States. The company operates through Upstream and Gathering System segments. It has natural gas production in the Marcellus Shale in Pennsylvania; and oil, natural gas liquids, and natural gas production in the Permian Basin in Texas and New Mexico, and Anadarko Basin in Oklahoma.