Erin Energy Corp (NYSE:ERN) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totalling 1,283,883 shares, a decline of 1.5% from the July 14th total of 1,303,337 shares. Approximately 2.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 75,052 shares, the days-to-cover ratio is presently 17.1 days.

Erin Energy Corp (NYSE ERN) opened at 2.25 on Thursday. The stock has a 50 day moving average of $1.56 and a 200 day moving average of $2.32. Erin Energy Corp has a 12-month low of $1.15 and a 12-month high of $4.10. The stock’s market cap is $479.43 million.

Erin Energy Corp (NYSE:ERN) last announced its earnings results on Wednesday, May 10th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $31.28 million during the quarter. On average, equities research analysts anticipate that Erin Energy Corp will post ($0.52) earnings per share for the current fiscal year.

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About Erin Energy Corp

Erin Energy Corporation is an independent oil and gas exploration and production company. The Company is focused on energy resources in Africa. It is focused on exploration for and production of hydrocarbons where commercial reserves have been found and developed. As of December 31, 2016, the Company’s asset portfolio consisted of seven licenses across four countries covering an area of approximately five million acres (approximately 19,000 square kilometers).

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