SandRidge Energy, Inc. (NYSE:SD) Short Interest Update

SandRidge Energy, Inc. (NYSE:SD - Get Free Report) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 592,800 shares, a decline of 18.2% from the December 31st total of 724,400 shares. Based on an average trading volume of 310,900 shares, the short-interest ratio is presently 1.9 days. Approximately 1.9% of the shares of the stock are sold short.

SandRidge Energy Price Performance

Shares of NYSE SD traded down $0.13 during midday trading on Wednesday, reaching $12.01. 133,435 shares of the stock traded hands, compared to its average volume of 243,301. The stock has a market capitalization of $446.97 million, a PE ratio of 9.38 and a beta of 2.06. The company's 50 day moving average is $11.67 and its 200 day moving average is $12.07. SandRidge Energy has a one year low of $10.31 and a one year high of $15.31.

SandRidge Energy (NYSE:SD - Get Free Report) last released its earnings results on Wednesday, November 6th. The oil and natural gas company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.08). SandRidge Energy had a net margin of 39.25% and a return on equity of 7.92%. The company had revenue of $30.06 million for the quarter.

Hedge Funds Weigh In On SandRidge Energy

A number of institutional investors have recently modified their holdings of SD. Quarry LP acquired a new stake in shares of SandRidge Energy in the 2nd quarter worth $25,000. Copeland Capital Management LLC purchased a new stake in SandRidge Energy in the third quarter valued at about $36,000. nVerses Capital LLC boosted its holdings in SandRidge Energy by 57.9% in the third quarter. nVerses Capital LLC now owns 3,000 shares of the oil and natural gas company's stock worth $37,000 after acquiring an additional 1,100 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of SandRidge Energy by 6.4% during the second quarter. The Manufacturers Life Insurance Company now owns 12,496 shares of the oil and natural gas company's stock worth $162,000 after acquiring an additional 756 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new position in shares of SandRidge Energy during the third quarter valued at about $186,000. 61.84% of the stock is owned by hedge funds and other institutional investors.

SandRidge Energy Company Profile

SandRidge Energy, Inc engages in the acquisition, development, and production of oil, natural gas, and natural gas liquids in the United States Mid-Continent. The company was incorporated in 2006 and is headquartered in Oklahoma City, Oklahoma.