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

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

Wall Street Analyst Weigh In

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

Amplify Energy Stock Performance

NYSE AMPY opened at $6.12 on Wednesday. The company has a 50-day simple moving average of $6.63 and a two-hundred day simple moving average of $6.71. Amplify Energy has a 12-month low of $3.56 and a 12-month high of $8.15. The firm has a market cap of $243.19 million, a price-to-earnings ratio of 3.97 and a beta of 1.95. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.29.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in Amplify Energy by 12.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,225,071 shares of the company’s stock valued at $15,086,000 after purchasing an additional 251,898 shares during the period. Geode Capital Management LLC lifted its stake in Amplify Energy by 3.5% in the third quarter. Geode Capital Management LLC now owns 883,676 shares of the company’s stock worth $5,772,000 after acquiring an additional 29,988 shares during the period. State Street Corp lifted its stake in Amplify Energy by 2.1% in the third quarter. State Street Corp now owns 805,211 shares of the company’s stock worth $5,258,000 after acquiring an additional 16,885 shares during the period. Foundry Partners LLC boosted its holdings in Amplify Energy by 1.0% in the third quarter. Foundry Partners LLC now owns 570,770 shares of the company’s stock valued at $3,727,000 after acquiring an additional 5,410 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Amplify Energy by 11.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 446,939 shares of the company’s stock valued at $3,030,000 after purchasing an additional 44,431 shares during the period. 42.84% of the stock is 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.