Sanchez Midstream Partners LP (NYSEAMERICAN:SNMP) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totalling 139,500 shares, an increase of 94.6% from the February 27th total of 71,700 shares. Based on an average trading volume of 167,400 shares, the days-to-cover ratio is currently 0.8 days. Currently, 1.1% of the shares of the company are short sold.
Separately, TheStreet lowered shares of Sanchez Midstream Partners from a “c-” rating to a “d+” rating in a research report on Monday, March 2nd.
Shares of NYSEAMERICAN SNMP traded down $0.01 during midday trading on Thursday, hitting $0.23. The company’s stock had a trading volume of 117,250 shares, compared to its average volume of 146,072. Sanchez Midstream Partners has a one year low of $0.15 and a one year high of $3.12.
Sanchez Midstream Partners Company Profile
Sanchez Midstream Partners LP engages in the acquisition, development, ownership, and operation of midstream and other energy-related assets in the United States. It operates in two segments, Midstream and Production. The Midstream segment engages in gathering, processing, and transporting natural gas, NGLs, and oil.
Further Reading: Front-End Load
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