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

Amplify Energy Corp. (NYSE:AMPY) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 1,060,000 shares, an increase of 11.1% from the December 15th total of 954,300 shares. Based on an average trading volume of 256,200 shares, the short-interest ratio is currently 4.1 days. Currently, 2.9% of the company’s stock are short sold.

Wall Street Analyst Weigh In

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

Institutional Trading of Amplify Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers increased its holdings in shares of Amplify Energy by 4.3% during the 2nd quarter. Rhumbline Advisers now owns 99,236 shares of the company’s stock worth $673,000 after purchasing an additional 4,050 shares during the period. American Century Companies Inc. grew its position in Amplify Energy by 422.6% during the second quarter. American Century Companies Inc. now owns 385,397 shares of the company’s stock worth $2,613,000 after buying an additional 311,646 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Amplify Energy by 12.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,225,071 shares of the company’s stock valued at $15,086,000 after acquiring an additional 251,898 shares during the period. Marshall Wace LLP raised its holdings in Amplify Energy by 295.6% in the 2nd quarter. Marshall Wace LLP now owns 56,970 shares of the company’s stock valued at $386,000 after acquiring an additional 42,570 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of Amplify Energy in the 2nd quarter worth approximately $327,000. Institutional investors and hedge funds own 42.84% of the company’s stock.

Amplify Energy Stock Performance

Shares of NYSE:AMPY traded up $0.01 during midday trading on Monday, hitting $5.86. The company’s stock had a trading volume of 315,378 shares, compared to its average volume of 245,980. Amplify Energy has a fifty-two week low of $3.56 and a fifty-two week 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 50 day simple moving average is $6.30 and its 200 day simple moving average is $6.68.

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.