SandRidge Permian Trust (NYSE:PER) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totalling 133,700 shares, a drop of 22.3% from the May 30th total of 172,000 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 222,300 shares, the days-to-cover ratio is presently 0.6 days.
PER traded up $0.03 during trading on Friday, reaching $1.76. 110,766 shares of the company’s stock were exchanged, compared to its average volume of 146,598. SandRidge Permian Trust has a 1 year low of $1.45 and a 1 year high of $3.00. The stock has a market capitalization of $90.82 million, a PE ratio of 3.60 and a beta of 1.22. The stock has a fifty day moving average of $1.81.
SandRidge Permian Trust (NYSE:PER) last posted its quarterly earnings results on Thursday, May 9th. The oil and gas producer reported $0.10 earnings per share (EPS) for the quarter. SandRidge Permian Trust had a net margin of 83.50% and a return on equity of 20.80%. The company had revenue of $6.26 million during the quarter.
About SandRidge Permian Trust
SandRidge Permian Trust holds royalty interests in specified oil and natural gas properties in the Permian Basin located in Andrews County, Texas. It has proved developed reserves of approximately 0.3 million barrels of oil equivalent. The company was founded in 2011 and is based in Houston, Texas.
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