SRC Energy Inc (SRCI) Sees Large Decrease in Short Interest
SRC Energy Inc (NYSEAMERICAN:SRCI) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 34,330,460 shares, a drop of 6.5% from the November 30th total of 36,719,402 shares. Based on an average daily trading volume, of 3,616,153 shares, the short-interest ratio is currently 9.5 days. Approximately 14.4% of the company’s shares are sold short.
SRC Energy (NYSEAMERICAN:SRCI) opened at $8.53 on Friday. The firm has a market capitalization of $2,060.00, a PE ratio of 17.77 and a beta of 1.52. SRC Energy has a twelve month low of $6.19 and a twelve month high of $10.22.
A number of hedge funds have recently bought and sold shares of SRCI. Teacher Retirement System of Texas lifted its holdings in SRC Energy by 3.3% during the second quarter. Teacher Retirement System of Texas now owns 15,503 shares of the oil and natural gas company’s stock worth $104,000 after acquiring an additional 502 shares in the last quarter. Carnick & Kubik Group LLC bought a new position in SRC Energy during the third quarter worth about $106,000. Cubist Systematic Strategies LLC bought a new position in SRC Energy during the third quarter worth about $109,000. Ameritas Investment Partners Inc. lifted its holdings in SRC Energy by 9.9% during the second quarter. Ameritas Investment Partners Inc. now owns 17,639 shares of the oil and natural gas company’s stock worth $119,000 after acquiring an additional 1,584 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in SRC Energy during the second quarter worth about $133,000.
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SRC Energy Company Profile
SRC Energy Inc, formerly Synergy Resources Corporation, is an independent oil and natural gas company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in and around the Denver-Julesburg Basin (D-J Basin) of Colorado. The D-J Basin generally extends from the Denver metropolitan area throughout northeast Colorado into Wyoming, Nebraska, and Kansas.
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