Amplify Energy Corp. (NYSE:AMPY) Sees Significant Growth in Short Interest

Amplify Energy Corp. (NYSE:AMPY) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 1,060,000 shares, a growth of 11.1% from the December 15th total of 954,300 shares. Currently, 2.9% of the shares of the company are short sold. Based on an average daily trading volume, of 256,200 shares, the days-to-cover ratio is presently 4.1 days.

Analysts Set New Price Targets

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

Amplify Energy Price Performance

Shares of Amplify Energy stock traded up $0.01 on Monday, hitting $5.86. 315,378 shares of the company traded hands, compared to its average volume of 245,980. 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 business has a 50-day simple moving average of $6.30 and a 200 day simple moving average of $6.68. Amplify Energy has a 52 week low of $3.56 and a 52 week high of $8.15. The stock has a market capitalization of $232.85 million, a P/E ratio of 3.80 and a beta of 1.95.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Mackenzie Financial Corp increased its stake in Amplify Energy by 27.9% during the second quarter. Mackenzie Financial Corp now owns 17,347 shares of the company’s stock worth $118,000 after acquiring an additional 3,780 shares during the last quarter. Rhumbline Advisers raised its holdings in Amplify Energy by 4.3% during the 2nd quarter. Rhumbline Advisers now owns 99,236 shares of the company’s stock valued at $673,000 after buying an additional 4,050 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Amplify Energy by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 113,377 shares of the company’s stock worth $740,000 after buying an additional 4,454 shares during the last quarter. SG Americas Securities LLC increased its position in Amplify Energy by 34.8% during the fourth quarter. SG Americas Securities LLC now owns 18,274 shares of the company’s stock valued at $110,000 after acquiring an additional 4,720 shares during the last quarter. Finally, Foundry Partners LLC lifted its holdings in shares of Amplify Energy by 1.0% in the 3rd quarter. Foundry Partners LLC now owns 570,770 shares of the company’s stock worth $3,727,000 after acquiring an additional 5,410 shares during the last quarter. Hedge funds and other institutional investors own 42.84% of the company’s stock.

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.