Capricorn Energy PLC (OTCMKTS:CRNCY) Short Interest Update

Capricorn Energy PLC (OTCMKTS:CRNCY) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 1,100 shares, a decline of 15.4% from the August 15th total of 1,300 shares. Based on an average trading volume of 100 shares, the short-interest ratio is presently 11.0 days.

Capricorn Energy Stock Up 5.5 %

OTCMKTS:CRNCY traded up $0.22 on Monday, reaching $4.24. The stock had a trading volume of 801 shares, compared to its average volume of 505. The company has a 50-day moving average of $4.57 and a 200 day moving average of $8.06. The company has a debt-to-equity ratio of 0.11, a quick ratio of 9.57 and a current ratio of 9.65. Capricorn Energy has a 12-month low of $3.74 and a 12-month high of $5.11.

Capricorn Energy Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 3rd. Investors of record on Thursday, October 5th will be issued a $1.3397 dividend. The ex-dividend date is Wednesday, October 4th.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CRNCY shares. Jefferies Financial Group upgraded Capricorn Energy from a “hold” rating to a “buy” rating in a report on Monday, July 10th. Barclays boosted their price objective on Capricorn Energy from GBX 250 ($3.13) to GBX 275 ($3.44) in a research note on Monday, June 12th.

About Capricorn Energy

Capricorn Energy PLC, an independent energy company, engages in the exploration, development, production, and sale of oil and gas. It holds a portfolio of exploration, development, and production assets in the United Kingdom, Israel, Egypt, Mauritania, Mexico, and Suriname. The company was formerly known as Cairn Energy PLC and changed its name to Capricorn Energy PLC in December 2021.