Evolve Transition Infrastructure LP (NYSEAMERICAN:SNMP) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 129,400 shares, an increase of 61.8% from the August 15th total of 80,000 shares. Based on an average trading volume of 4,930,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.6% of the company’s shares are sold short.
Shares of SNMP traded down $0.08 during mid-day trading on Friday, reaching $1.02. The company’s stock had a trading volume of 11,622,670 shares, compared to its average volume of 5,623,421. The firm has a market cap of $80.29 million, a price-to-earnings ratio of -0.26 and a beta of -0.34. Evolve Transition Infrastructure has a 52 week low of $0.26 and a 52 week high of $1.93.
Evolve Transition Infrastructure (NYSEAMERICAN:SNMP) last issued its earnings results on Thursday, August 12th. The basic materials company reported ($0.42) EPS for the quarter. The company had revenue of $9.14 million for the quarter.
About Evolve Transition Infrastructure
Evolve Transition Infrastructure LP engages in the acquisition, development, and production of oil and natural gas properties and related assets. The firm operates through the following segments: Midstream and Production. The Midstream segment operates the gathering, processing, and transportation of natural gas.
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