Amplify Energy Corp. (NYSE:AMPY) Short Interest Up 5.6% in November

Amplify Energy Corp. (NYSE:AMPY) saw a significant 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 daily trading volume, of 268,800 shares, the days-to-cover ratio is presently 3.5 days.

Hedge Funds Weigh In On Amplify Energy

Large investors have recently made changes to their positions in the company. Sanctuary Advisors LLC raised its stake in shares of Amplify Energy by 11.9% during the third 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 raised its position in shares of Amplify Energy by 272.4% during the 3rd quarter. Barclays PLC now owns 52,159 shares of the company’s stock valued at $341,000 after acquiring an additional 38,151 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Amplify Energy by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 883,676 shares of the company’s stock valued at $5,772,000 after purchasing an additional 29,988 shares during the period. EP Wealth Advisors LLC bought a new position in shares of Amplify Energy in the 3rd quarter worth $69,000. Finally, Wellington Management Group LLP acquired a new stake in shares of Amplify Energy during the third quarter worth $70,000. Institutional investors and hedge funds own 42.84% of the company’s stock.

Amplify Energy Stock Down 2.4 %

NYSE:AMPY opened at $6.12 on Tuesday. The company has a market cap of $243.39 million, a price-to-earnings ratio of 3.97 and a beta of 1.95. 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’s fifty day moving average price is $6.65 and its two-hundred day moving average price is $6.71. Amplify Energy has a 52-week low of $3.56 and a 52-week high of $8.15.

Analyst Upgrades and Downgrades

Separately, Benchmark reissued a “buy” rating and set a $11.00 price objective on shares of Amplify Energy in a report on Wednesday, October 16th.

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.