Mid-Con Energy Partners, LP (NASDAQ:MCEP) Short Interest Update

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Mid-Con Energy Partners, LP (NASDAQ:MCEP) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 2,500 shares, a decrease of 69.5% from the December 15th total of 8,200 shares. Based on an average daily volume of 481,100 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the company’s shares are short sold.

MCEP opened at $4.85 on Thursday. Mid-Con Energy Partners has a one year low of $1.14 and a one year high of $8.42. The business has a 50 day simple moving average of $3.68 and a two-hundred day simple moving average of $2.96. The firm has a market capitalization of $69.41 million, a price-to-earnings ratio of -0.59 and a beta of 1.34.

Mid-Con Energy Partners (NASDAQ:MCEP) last posted its earnings results on Monday, November 16th. The oil and gas producer reported ($0.25) earnings per share for the quarter. The firm had revenue of $8.75 million for the quarter. Mid-Con Energy Partners had a negative return on equity of 10.59% and a negative net margin of 37.26%.

A hedge fund recently bought a new stake in Mid-Con Energy Partners stock. Virtu Financial LLC purchased a new position in Mid-Con Energy Partners, LP (NASDAQ:MCEP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,648 shares of the oil and gas producer’s stock, valued at approximately $32,000. Virtu Financial LLC owned about 0.10% of Mid-Con Energy Partners as of its most recent SEC filing. Hedge funds and other institutional investors own 0.48% of the company’s stock.

About Mid-Con Energy Partners

Mid-Con Energy Partners, LP acquires, owns, develops, and produces oil and natural gas properties in North America. The company's properties are primarily located in the Mid-Continent, Big Horn, and Powder River Basin regions of the United States in Oklahoma and Wyoming areas. As of December 31, 2019, its total estimated proved reserves were 25.6 million barrel of oil equivalent (MMBoe).

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