Short Interest in Amplify Energy Corp. (NYSE:AMPY) Rises By 11.1%

Amplify Energy Corp. (NYSE:AMPY) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 1,060,000 shares, a growth of 11.1% from the December 15th total of 954,300 shares. Based on an average daily volume of 256,200 shares, the days-to-cover ratio is presently 4.1 days. Approximately 2.9% of the company’s stock are sold short.

Amplify Energy Stock Performance

Shares of AMPY stock traded up $0.01 during mid-day trading on Monday, hitting $5.86. 315,378 shares of the stock were exchanged, compared to its average volume of 245,980. Amplify Energy has a 12-month low of $3.56 and a 12-month high of $8.15. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $232.85 million, a price-to-earnings ratio of 3.80 and a beta of 1.95. The stock’s fifty day simple moving average is $6.30 and its two-hundred day simple moving average is $6.68.

Wall Street Analysts Forecast Growth

Separately, Benchmark reiterated a “buy” rating and issued a $11.00 price target on shares of Amplify Energy in a research note on Thursday.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AMPY. SG Americas Securities LLC increased its holdings in shares of Amplify Energy by 34.8% in the 4th quarter. SG Americas Securities LLC now owns 18,274 shares of the company’s stock valued at $110,000 after acquiring an additional 4,720 shares during the period. Sanctuary Advisors LLC raised its position in Amplify Energy by 11.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 66,460 shares of the company’s stock worth $461,000 after buying an additional 7,051 shares during the last quarter. Barclays PLC boosted its holdings in Amplify Energy by 272.4% in the 3rd quarter. Barclays PLC now owns 52,159 shares of the company’s stock valued at $341,000 after purchasing an additional 38,151 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Amplify Energy by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 883,676 shares of the company’s stock worth $5,772,000 after buying an additional 29,988 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in Amplify Energy in the third quarter valued at $69,000. Institutional investors and hedge funds own 42.84% of the company’s stock.

Amplify Energy Company Profile

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.