Alta Mesa Resources Inc (AMR) Short Interest Update
Alta Mesa Resources Inc (NASDAQ:AMR) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 4,399,575 shares, an increase of 259.0% from the February 15th total of 1,225,614 shares. Based on an average daily trading volume, of 2,537,281 shares, the days-to-cover ratio is currently 1.7 days.
Shares of Alta Mesa Resources (NASDAQ:AMR) opened at $8.16 on Friday. Alta Mesa Resources has a 52 week low of $7.15 and a 52 week high of $10.79.
Separately, Imperial Capital assumed coverage on shares of Alta Mesa Resources in a research note on Monday, March 5th. They set an “outperform” rating and a $10.00 price objective for the company.
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Alta Mesa Resources, Inc, formerly Silver Run Acquisition Corporation II, is an oil and gas exploration company. The Company is focused on the development and acquisition of unconventional oil and gas reserves in Oklahoma. Its exploration operations are located in the eastern portion of the Anadarko basin, and are referred to as Sooner Trend Anadarko Basin Canadian and Kingfisher County (STACK).
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