The stock of Midstates Petroleum Company Inc (NYSE:MPO) registered an increase of 69.2% in short interest. MPO’s total short interest was 1.96 million shares in March as published by FINRA. Its up 69.2% from 1.16M shares, reported previously. With 472,300 shares average volume, it will take short sellers 4 days to cover their MPO’s short positions. The short interest to Midstates Petroleum Company Inc’s float is 12.8%.
The stock increased 11.92% or $1.03 during the last trading session, reaching $9.67. About 403,332 shares traded or 32.96% up from the average. Midstates Petroleum Company, Inc. (NYSE:MPO) has declined 36.67% since March 17, 2018 and is downtrending. It has underperformed by 41.04% the S&P500.
Midstates Petroleum Company, Inc. engages in the exploration, development, and production of oil, natural gas liquids, and natural gas in the United States. The company has market cap of $195.93 million. The companyÂ’s activities are primarily focused on exploration and production activities in the Mississippian Lime and Anadarko Basin. It has a 5.06 P/E ratio. As of December 31, 2016, its Mississippian Lime assets consisted of approximately 103,093 net acres in the Mississippian Lime trend in Woods and Alfalfa counties of Oklahoma, as well as approximately 12,894 net acres in Lincoln County, Oklahoma; and Anadarko Basin assets consisted of approximately 104,925 net acres in the Anadarko Basin located in Texas and western Oklahoma.
More notable recent Midstates Petroleum Company, Inc. (NYSE:MPO) news were published by: Streetinsider.com which released: “Biohaven’s (BHVN) Verdiperstat Receives Orphan Drug Designation From FDA For Multiple System Atrophy – StreetInsider.com” on February 19, 2019, also Forbes.com with their article: “Possible Oil & Gas Takeover Targets That Aren’t In The Permian Hot Spots – Forbes Now” published on January 19, 2017, Streetinsider.com published: “WageWorks (WAGE) Initiates 2018 Guidance; Obtains extension for continued listing on NYSE – StreetInsider.com” on September 12, 2018. More interesting news about Midstates Petroleum Company, Inc. (NYSE:MPO) were released by: Seekingalpha.com and their article: “SandRidge Energy: A Bankruptcy Reorg With A Catalyst And 100% Upside – Seeking Alpha” published on June 26, 2018 as well as Benzinga.com‘s news article titled: “58 Biggest Movers From Yesterday – Benzinga” with publication date: February 14, 2019.