Goodrich Petroleum Corp (NYSEAMERICAN:GDP) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totalling 464,700 shares, an increase of 125.8% from the February 27th total of 205,800 shares. Approximately 4.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 24,000 shares, the days-to-cover ratio is presently 19.4 days.
GDP traded down $0.10 during trading on Thursday, reaching $4.04. 46,229 shares of the stock were exchanged, compared to its average volume of 31,525. The stock’s 50 day moving average price is $10.73. Goodrich Petroleum has a 1 year low of $2.39 and a 1 year high of $15.24.
Goodrich Petroleum (NYSEAMERICAN:GDP) last posted its earnings results on Thursday, March 5th. The company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.02. The firm had revenue of $33.59 million for the quarter, compared to analysts’ expectations of $31.88 million.
Institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp lifted its position in shares of Goodrich Petroleum by 3.4% in the fourth quarter. State Street Corp now owns 148,696 shares of the company’s stock valued at $1,493,000 after acquiring an additional 4,921 shares in the last quarter. Walthausen & Co. LLC lifted its position in shares of Goodrich Petroleum by 7.4% in the fourth quarter. Walthausen & Co. LLC now owns 94,150 shares of the company’s stock valued at $945,000 after acquiring an additional 6,500 shares in the last quarter. UBS Group AG lifted its position in shares of Goodrich Petroleum by 43.5% in the fourth quarter. UBS Group AG now owns 12,614 shares of the company’s stock valued at $127,000 after acquiring an additional 3,822 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Goodrich Petroleum by 102.9% in the fourth quarter. Barclays PLC now owns 9,087 shares of the company’s stock valued at $91,000 after acquiring an additional 4,609 shares in the last quarter.
Goodrich Petroleum Company Profile
Goodrich Petroleum Corporation, an independent oil and natural gas company, engages in the exploration, development, and production of oil and natural gas. It primarily holds interests in the Haynesville Shale Trend in northwest Louisiana and East Texas; Tuscaloosa Marine Shale Trend located in southwest Mississippi and southeast Louisiana; and the Eagle Ford Shale Trend situated in South Texas.
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