Veren Inc. (NYSE:VRN – Get Free Report) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 16,240,000 shares, an increase of 39.6% from the February 13th total of 11,630,000 shares. Approximately 2.7% of the company’s shares are short sold. Based on an average daily trading volume, of 17,170,000 shares, the days-to-cover ratio is presently 0.9 days.
Veren Stock Up 3.7 %
Shares of VRN traded up $0.23 during trading hours on Monday, reaching $6.33. The stock had a trading volume of 25,792,232 shares, compared to its average volume of 8,347,201. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of 4.52 and a beta of 2.08. The firm has a 50-day simple moving average of $5.30 and a 200 day simple moving average of $5.57. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34. Veren has a 12 month low of $4.40 and a 12 month high of $9.02.
Veren Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Saturday, March 15th will be given a dividend of $0.0797 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date of this dividend is Friday, March 14th. Veren’s payout ratio is currently 100.00%.
Institutional Inflows and Outflows
Veren Company Profile
Veren Inc explores, develops, and produces oil and gas properties in Canada and the United States. The company focuses on crude oil, tight oil, natural gas liquids, shale gas, and natural gas reserves. Its properties are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota.
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