Mid-Con Energy Partners LP (NASDAQ:MCEP) Short Interest Update

Mid-Con Energy Partners LP (NASDAQ:MCEP) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 54,400 shares, a drop of 63.7% from the July 31st total of 150,000 shares. Based on an average trading volume of 261,800 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are sold short.

An institutional investor recently raised its position in Mid-Con Energy Partners stock. Jackson Hole Capital Partners LLC boosted its position in Mid-Con Energy Partners LP (NASDAQ:MCEP) by 81.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 88,747 shares of the oil and gas producer’s stock after acquiring an additional 39,874 shares during the period. Jackson Hole Capital Partners LLC owned 0.29% of Mid-Con Energy Partners worth $71,000 at the end of the most recent quarter. 10.69% of the stock is owned by hedge funds and other institutional investors.

Mid-Con Energy Partners stock traded up $0.01 during mid-day trading on Friday, hitting $0.41. The stock had a trading volume of 4,191 shares, compared to its average volume of 128,822. The stock has a 50-day simple moving average of $0.42 and a two-hundred day simple moving average of $0.61. The stock has a market capitalization of $12.61 million, a PE ratio of 2.00 and a beta of 1.75. Mid-Con Energy Partners has a 12 month low of $0.33 and a 12 month high of $1.64. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.10.

Mid-Con Energy Partners (NASDAQ:MCEP) last posted its quarterly earnings results on Wednesday, July 31st. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $20.93 million for the quarter. Mid-Con Energy Partners had a positive return on equity of 35.24% and a negative net margin of 0.93%.

Mid-Con Energy Partners Company Profile

Mid-Con Energy Partners, LP engages in the acquisition, ownership, and development of producing oil and natural gas properties in North America. The company's properties are primarily located in the Mid-Continent, Permian, Big Horn, and Powder River Basin regions of the United States in Oklahoma, Texas, and Wyoming areas.

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