Magnolia Oil & Gas Corp (MGY) Sees Significant Growth in Short Interest
Magnolia Oil & Gas Corp (NYSE:MGY) was the recipient of a significant growth in short interest in August. As of August 15th, there was short interest totalling 1,361,706 shares, a growth of 85.0% from the July 31st total of 735,881 shares. Based on an average trading volume of 1,173,323 shares, the days-to-cover ratio is currently 1.2 days. Approximately 1.4% of the company’s stock are short sold.
NYSE:MGY traded up $0.31 during trading hours on Friday, reaching $14.53. The stock had a trading volume of 3,050,812 shares, compared to its average volume of 1,058,363. Magnolia Oil & Gas has a 52 week low of $9.66 and a 52 week high of $14.63.
Magnolia Oil & Gas (NYSE:MGY) last released its quarterly earnings data on Tuesday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.92). equities analysts expect that Magnolia Oil & Gas will post 1.5 earnings per share for the current fiscal year.
In other Magnolia Oil & Gas news, Director Arcilia Acosta acquired 17,950 shares of Magnolia Oil & Gas stock in a transaction that occurred on Friday, August 31st. The stock was bought at an average cost of $13.90 per share, for a total transaction of $249,505.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Christopher G. Stavros acquired 10,000 shares of Magnolia Oil & Gas stock in a transaction that occurred on Friday, September 7th. The stock was acquired at an average price of $13.59 per share, with a total value of $135,900.00. The disclosure for this purchase can be found here. Insiders have bought 242,333 shares of company stock valued at $2,608,219 over the last 90 days.
Magnolia Oil & Gas Company Profile
Magnolia Oil & Gas Corporation operates as an oil and gas exploration and production company. It has operations in South Texas in the core of the Eagle Ford. The company is headquartered in Houston, Texas.
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