VAALCO Energy, Inc. (NYSE:EGY) Sees Large Drop in Short Interest

VAALCO Energy, Inc. (NYSE:EGY) was the target of a large decline in short interest in July. As of July 31st, there was short interest totalling 696,100 shares, a decline of 24.4% from the June 30th total of 920,400 shares. Based on an average daily trading volume, of 325,200 shares, the short-interest ratio is presently 2.1 days. Currently, 1.3% of the company’s stock are sold short.

In other news, Director Alfred John Jr. Knapp bought 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was acquired at an average cost of $1.68 per share, with a total value of $168,000.00. Following the transaction, the director now directly owns 408,446 shares of the company’s stock, valued at approximately $686,189.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders purchased a total of 162,223 shares of company stock valued at $275,907 over the last ninety days. 4.80% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in VAALCO Energy by 0.5% in the 4th quarter. BlackRock Inc. now owns 1,273,897 shares of the energy company’s stock valued at $1,872,000 after buying an additional 6,417 shares in the last quarter. Virtu Financial LLC boosted its stake in VAALCO Energy by 298.5% during the 1st quarter. Virtu Financial LLC now owns 75,995 shares of the energy company’s stock valued at $170,000 after purchasing an additional 56,926 shares during the last quarter. Tieton Capital Management LLC boosted its stake in VAALCO Energy by 14.3% during the 1st quarter. Tieton Capital Management LLC now owns 3,437,643 shares of the energy company’s stock valued at $7,700,000 after purchasing an additional 429,045 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in VAALCO Energy by 3.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 226,454 shares of the energy company’s stock valued at $507,000 after purchasing an additional 8,076 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in VAALCO Energy by 27.9% during the 4th quarter. Bank of New York Mellon Corp now owns 108,074 shares of the energy company’s stock valued at $159,000 after purchasing an additional 23,556 shares during the last quarter. 46.33% of the stock is owned by institutional investors and hedge funds.

VAALCO Energy stock traded up $0.05 during midday trading on Monday, reaching $1.81. The stock had a trading volume of 175,400 shares, compared to its average volume of 313,993. VAALCO Energy has a 12 month low of $1.22 and a 12 month high of $2.88. The company has a market cap of $105.25 million, a P/E ratio of 2.46 and a beta of 1.38. The business has a fifty day moving average price of $1.71. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.43 and a quick ratio of 1.40.

VAALCO Energy Company Profile

VAALCO Energy, Inc, an independent energy company, acquires, explores for, develops, and produces crude oil and natural gas. The company holds Etame production sharing contract related to the Etame Marin block located offshore the Republic of Gabon in West Africa. It also owns interests in an undeveloped block offshore Equatorial Guinea, West Africa.

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