Altus Midstream (NYSE:ALTM) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 2,339,948 shares, an increase of 53.4% from the January 15th total of 1,525,112 shares. Based on an average trading volume of 167,463 shares, the short-interest ratio is presently 14.0 days. Approximately 3.6% of the company’s shares are sold short.

Several brokerages have recently commented on ALTM. Zacks Investment Research downgraded shares of Altus Midstream from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. Credit Suisse Group began coverage on shares of Altus Midstream in a research note on Friday, January 4th. They set an “outperform” rating and a $11.00 price objective for the company. Barclays began coverage on shares of Altus Midstream in a research note on Friday, December 7th. They set an “overweight” rating and a $10.00 price objective for the company. Finally, US Capital Advisors reaffirmed an “overweight” rating on shares of Altus Midstream in a research note on Monday, November 12th.

A number of hedge funds have recently added to or reduced their stakes in ALTM. Geode Capital Management LLC bought a new position in Altus Midstream in the fourth quarter worth about $95,000. Opera Trading Capital bought a new position in Altus Midstream in the fourth quarter worth about $103,000. Comerica Securities Inc. bought a new position in Altus Midstream in the fourth quarter worth about $106,000. Tortoise Index Solutions LLC bought a new position in Altus Midstream in the fourth quarter worth about $156,000. Finally, Usca Ria LLC bought a new position in Altus Midstream in the fourth quarter worth about $176,000.

ALTM stock opened at $7.99 on Thursday. Altus Midstream has a 1 year low of $7.15 and a 1 year high of $10.48.

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About Altus Midstream

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