SandRidge Permian Trust (NYSE:PER) saw a large decline in short interest in July. As of July 15th, there was short interest totalling 95,100 shares, a decline of 28.9% from the June 15th total of 133,700 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 208,500 shares, the short-interest ratio is currently 0.5 days.

NYSE PER traded up $0.04 on Friday, hitting $1.89. 153,246 shares of the stock were exchanged, compared to its average volume of 105,866. SandRidge Permian Trust has a fifty-two week low of $1.45 and a fifty-two week high of $3.00. The firm has a market cap of $99.22 million, a P/E ratio of 3.94 and a beta of 1.22. The firm has a 50-day simple moving average of $1.75.

SandRidge Permian Trust (NYSE:PER) last posted its quarterly earnings results on Thursday, May 9th. The oil and gas producer reported $0.10 EPS for the quarter. SandRidge Permian Trust had a net margin of 83.50% and a return on equity of 20.80%. The company had revenue of $6.26 million during the quarter.

About SandRidge Permian Trust

SandRidge Permian Trust holds royalty interests in specified oil and natural gas properties in the Permian Basin located in Andrews County, Texas. It has proved developed reserves of approximately 0.3 million barrels of oil equivalent. The company was founded in 2011 and is based in Houston, Texas.

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