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

Amplify Energy Corp. (NYSE:AMPY) was the recipient of a large increase in short interest in 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 daily trading volume, of 256,200 shares, the days-to-cover ratio is presently 4.1 days. Approximately 2.9% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

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

Amplify Energy Trading Up 0.1 %

Shares of NYSE:AMPY traded up $0.01 during mid-day trading on Monday, reaching $5.86. 315,378 shares of the company were exchanged, compared to its average volume of 245,980. The firm has a market cap of $232.85 million, a price-to-earnings ratio of 3.80 and a beta of 1.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.06 and a quick ratio of 1.06. Amplify Energy has a 1 year low of $3.56 and a 1 year high of $8.15. The firm’s 50-day simple moving average is $6.30 and its 200 day simple moving average is $6.68.

Hedge Funds Weigh In On Amplify Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC grew its stake in shares of Amplify Energy by 34.8% in the fourth quarter. SG Americas Securities LLC now owns 18,274 shares of the company’s stock worth $110,000 after acquiring an additional 4,720 shares in the last quarter. Sanctuary Advisors LLC grew its stake 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 purchasing an additional 7,051 shares in the last quarter. Barclays PLC increased its holdings in Amplify Energy by 272.4% during the 3rd quarter. Barclays PLC now owns 52,159 shares of the company’s stock worth $341,000 after purchasing an additional 38,151 shares during the period. Geode Capital Management LLC raised its position in 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 in the last quarter. Finally, EP Wealth Advisors LLC purchased a new position in shares of Amplify Energy in the 3rd quarter valued at about $69,000. 42.84% of the stock is currently owned by hedge funds and other institutional investors.

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.