Short Interest in Amplify Energy Corp. (NYSE:AMPY) Rises By 11.1%

Amplify Energy Corp. (NYSE:AMPY - Get Free Report) 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. Approximately 2.9% of the shares of the company are short sold. Based on an average trading volume of 256,200 shares, the short-interest ratio is currently 4.1 days.

Institutional Trading of Amplify Energy

A number of hedge funds have recently made changes to their positions in AMPY. Dimensional Fund Advisors LP lifted its stake in Amplify Energy by 12.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,225,071 shares of the company's stock worth $15,086,000 after purchasing an additional 251,898 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Amplify Energy by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 883,676 shares of the company's stock valued at $5,772,000 after buying an additional 29,988 shares in the last quarter. State Street Corp boosted 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 buying an additional 16,885 shares in the last quarter. Foundry Partners LLC grew its position in Amplify Energy by 1.0% during 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 during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Amplify Energy by 422.6% during the second quarter. American Century Companies Inc. now owns 385,397 shares of the company's stock worth $2,613,000 after acquiring an additional 311,646 shares in the last quarter. 42.84% of the stock is owned by institutional investors.

Amplify Energy Price Performance

Amplify Energy stock traded up $0.01 during mid-day trading on Monday, hitting $5.86. 315,378 shares of the company traded hands, compared to its average volume of 245,980. The stock has a fifty day moving average price of $6.30 and a 200-day moving average price of $6.68. The stock has a market cap of $232.85 million, a price-to-earnings ratio of 3.80 and a beta of 1.95. Amplify Energy has a one year low of $3.56 and a one year high of $8.15. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.06 and a current ratio of 1.06.

Wall Street Analysts Forecast Growth

Separately, Benchmark reaffirmed a "buy" rating and set a $11.00 price objective on shares of Amplify Energy in a research note on Thursday.

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.