El Paso Corporation (NYSEAMERICAN:EP) Short Interest Update

El Paso Corporation (NYSEAMERICAN:EP) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 660,054 shares, a decline of 41.5% from the June 15th total of 1,128,603 shares. Based on an average trading volume of 288,746 shares, the short-interest ratio is currently 2.3 days. Approximately 2.5% of the company’s stock are sold short.

El Paso Stock Down 2.5%

EP stock traded down $0.07 during midday trading on Thursday, hitting $2.48. The company’s stock had a trading volume of 61,711 shares, compared to its average volume of 88,484. The firm’s 50-day moving average is $2.71 and its 200-day moving average is $2.91. The company has a current ratio of 0.59, a quick ratio of 0.54 and a debt-to-equity ratio of 3.77. El Paso has a 12 month low of $2.41 and a 12 month high of $5.60. The company has a market cap of $98.85 million, a PE ratio of -1.16 and a beta of 0.29.

El Paso (NYSEAMERICAN:EP) last posted its quarterly earnings results on Thursday, May 14th. The basic materials company reported ($0.10) earnings per share for the quarter. The business had revenue of $5.10 million during the quarter. El Paso had a negative return on equity of 77.50% and a negative net margin of 245.83%.

Institutional Trading of El Paso

A number of institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its holdings in shares of El Paso by 325.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,696 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 5,889 shares during the last quarter. Jane Street Group LLC bought a new position in El Paso during the second quarter valued at approximately $76,000. Deutsche Bank AG lifted its position in El Paso by 138.3% during the fourth quarter. Deutsche Bank AG now owns 27,271 shares of the basic materials company’s stock valued at $83,000 after purchasing an additional 15,828 shares during the period. Citadel Advisors LLC purchased a new stake in El Paso in the third quarter worth approximately $93,000. Finally, Wellington Management Group LLP grew its position in El Paso by 69.7% in the 4th quarter. Wellington Management Group LLP now owns 50,707 shares of the basic materials company’s stock worth $154,000 after purchasing an additional 20,827 shares during the period.

El Paso Company Profile

Empire Petroleum Corporation engages in the exploration and development of oil and gas interests in Louisiana, New Mexico, North Dakota, Montana, and Texas. The company was formerly known as Americomm Resources Corporation and changed its name to Empire Petroleum Corporation in August 2001. Empire Petroleum Corporation was incorporated in 1983 and is headquartered in Tulsa, Oklahoma.