Short Interest in Vår Energi AS (OTCMKTS:VARRY) Rises By 410.0%

Vår Energi AS (OTCMKTS:VARRY) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 5,100 shares, a growth of 410.0% from the June 30th total of 1,000 shares. Based on an average daily volume of 1,600 shares, the days-to-cover ratio is currently 3.2 days.

Vår Energi AS Stock Performance

Shares of VARRY stock remained flat at $6.62 during trading hours on Thursday. The stock had a trading volume of 2 shares, compared to its average volume of 2,563. Vår Energi AS has a 1-year low of $5.14 and a 1-year high of $7.38. The business’s fifty day moving average price is $6.64 and its 200 day moving average price is $6.48.

Vår Energi AS Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Monday, May 6th were paid a $0.1194 dividend. The ex-dividend date of this dividend was Friday, May 3rd. This is a boost from Vår Energi AS’s previous dividend of $0.12.

About Vår Energi AS

Vår Energi AS operates as an independent upstream oil and gas company on the Norwegian continental shelf in Norway. It produces crude oil, liquified natural gas, and natural gas liquids. The company was formerly known as Eni Norge AS and changed its name to Vår Energi AS in December 2018. The company was incorporated in 1965 and is headquartered in Sandnes, Norway.