Short Interest in Amplify Energy Corp. (NYSE:AMPY) Expands By 5.6%

Amplify Energy Corp. (NYSE:AMPY) saw a large increase in short interest in November. As of November 30th, there was short interest totalling 946,100 shares, an increase of 5.6% from the November 15th total of 896,100 shares. Approximately 2.6% of the shares of the stock are short sold. Based on an average trading volume of 268,800 shares, the days-to-cover ratio is currently 3.5 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Innealta Capital LLC purchased a new stake in shares of Amplify Energy in the 2nd quarter worth approximately $26,000. Quarry LP purchased a new position in shares of Amplify Energy in the 3rd quarter valued at about $43,000. Quest Partners LLC acquired a new position in shares of Amplify Energy in the 3rd quarter valued at $45,000. nVerses Capital LLC acquired a new stake in shares of Amplify Energy during the second quarter worth about $52,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of Amplify Energy in the 1st quarter valued at approximately $67,000. Hedge funds and other institutional investors own 42.84% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Benchmark reaffirmed a “buy” rating and issued a $11.00 price target on shares of Amplify Energy in a research note on Wednesday, October 16th.

Amplify Energy Trading Down 0.5 %

AMPY opened at $6.27 on Monday. The business has a 50 day moving average of $6.67 and a 200-day moving average of $6.71. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.29. The stock has a market cap of $249.36 million, a PE ratio of 4.07 and a beta of 1.95. Amplify Energy has a 52 week low of $3.56 and a 52 week high of $8.15.

About Amplify Energy

Amplify Energy Corp., together with its subsidiaries, engages in the acquisition, development, exploitation, and production of oil and natural gas properties in the United States. The company’s properties consist of operated and non-operated working interests in producing and undeveloped leasehold acreage, as well as working interests in identified producing wells located in Oklahoma, the Rockies, federal waters offshore Southern California, East Texas/North Louisiana, and Eagle Ford.