Today Sandridge Energy Inc (NYSE:SD) Reported Increase in Shorted Shares

August 9, 2018 - By Jason Dias

The stock of Sandridge Energy Inc (NYSE:SD) registered an increase of 49.47% in short interest. SD’s total short interest was 1.38 million shares in August as published by FINRA. Its up 49.47% from 923,000 shares, reported previously. With 274,100 shares average volume, it will take short sellers 5 days to cover their SD’s short positions. The short interest to Sandridge Energy Inc’s float is 5.12%.

The stock decreased 1.81% or $0.3 during the last trading session, reaching $16.26. About 143,076 shares traded. SandRidge Energy, Inc. (NYSE:SD) has declined 28.16% since August 9, 2017 and is downtrending. It has underperformed by 40.73% the S&P500.

SandRidge Energy, Inc., an oil and natural gas company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids primarily in the Mid-Continent and Rockies regions of the United States. The company has market cap of $561.64 million. As of December 31, 2016, the firm had 2,310.0 net producing wells; approximately 950,000 net total acres under lease; 1 drilling rig in the Mid-Continent; and a total estimated proved reserves of 163.9 million barrels of oil equivalent. It currently has negative earnings. The firm is headquartered in Oklahoma City, Oklahoma.

More notable recent SandRidge Energy, Inc. (NYSE:SD) news were published by: Seekingalpha.com which released: “SandRidge Energy -3% after swinging to Q2 loss” on August 09, 2018, also Seekingalpha.com with their article: “July 27 Natural Gas Weekly: It Is Time To Take Some Profit On Long Positions.” published on July 28, 2018, Prnewswire.com published: “SandRidge Energy, Inc. Announces 2018 Second Quarter Financial and Operational Results Release Date and …” on July 30, 2018. More interesting news about SandRidge Energy, Inc. (NYSE:SD) were released by: Benzinga.com and their article: “SandRidge Energy, Inc. Reports Financial and Operational Results for Second Quarter 2018” published on August 08, 2018 as well as Seekingalpha.com‘s news article titled: “SandRidge Energy, Inc. (SD) CEO Bill Griffin on Q2 2018 Results – Earnings Call Transcript” with publication date: August 09, 2018.

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