Short Interest in Amplify Energy Corp. (NYSE:AMPY) Rises By 5.6%

Amplify Energy Corp. (NYSE:AMPY - Get Free Report) saw a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 946,100 shares, an increase of 5.6% from the November 15th total of 896,100 shares. Currently, 2.6% of the company's shares are sold short. Based on an average daily trading volume, of 268,800 shares, the short-interest ratio is currently 3.5 days.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Amplify Energy

Large investors have recently made changes to their positions in the business. Innealta Capital LLC purchased a new position in shares of Amplify Energy in the second quarter worth $26,000. Mackenzie Financial Corp increased its position in shares of Amplify Energy by 27.9% in the 2nd quarter. Mackenzie Financial Corp now owns 17,347 shares of the company's stock valued at $118,000 after acquiring an additional 3,780 shares during the period. Rhumbline Advisers lifted its position in Amplify Energy by 4.3% during the 2nd quarter. Rhumbline Advisers now owns 99,236 shares of the company's stock worth $673,000 after acquiring an additional 4,050 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Amplify Energy by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 113,377 shares of the company's stock valued at $740,000 after purchasing an additional 4,454 shares during the last quarter. Finally, Foundry Partners LLC increased its holdings in shares of 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 purchasing an additional 5,410 shares during the period. 42.84% of the stock is owned by institutional investors and hedge funds.

Amplify Energy Stock Down 2.4 %

Shares of NYSE AMPY traded down $0.15 during midday trading on Monday, reaching $6.12. 247,043 shares of the company's stock traded hands, compared to its average volume of 448,806. The company has a market cap of $243.39 million, a price-to-earnings ratio of 3.97 and a beta of 1.95. The stock's 50 day simple moving average is $6.65 and its 200-day simple moving average is $6.71. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.29. Amplify Energy has a one year low of $3.56 and a one year high of $8.15.

Amplify Energy Company Profile

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.