Camber Energy, Inc. (NYSEAMERICAN:CEI) Short Interest Down 29.7% in March

Camber Energy, Inc. (NYSEAMERICAN:CEIGet Rating) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 33,230,000 shares, a decrease of 29.7% from the March 15th total of 47,240,000 shares. Based on an average daily trading volume, of 65,230,000 shares, the short-interest ratio is currently 0.5 days.

Several hedge funds have recently modified their holdings of the company. Biltmore Capital Advisors LLC acquired a new stake in shares of Camber Energy in the 4th quarter worth approximately $25,000. Geneos Wealth Management Inc. acquired a new stake in shares of Camber Energy in the 3rd quarter worth approximately $27,000. Victory Capital Management Inc. grew its holdings in shares of Camber Energy by 137.5% in the 4th quarter. Victory Capital Management Inc. now owns 36,003 shares of the oil and natural gas company’s stock worth $31,000 after acquiring an additional 20,842 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of Camber Energy in the 4th quarter worth approximately $53,000. Finally, Cetera Advisor Networks LLC acquired a new stake in shares of Camber Energy in the 3rd quarter worth approximately $72,000. 24.11% of the stock is owned by institutional investors and hedge funds.

Shares of CEI stock traded down $0.12 during trading hours on Tuesday, reaching $0.93. 635,829 shares of the company’s stock were exchanged, compared to its average volume of 62,939,840. Camber Energy has a 1 year low of $0.33 and a 1 year high of $4.85.

Camber Energy Company Profile (Get Rating)

Camber Energy, Inc, an independent oil and natural gas company, engages in the acquisition, development, and sale of crude oil, natural gas, and natural gas liquids (NGL) in the Cline shale and upper Wolfberry shale in Glasscock County, Texas. As of March 31, 2020, its total estimated proved reserves were 133,442 million barrels of oil equivalent comprising 54,850 barrels of crude oil reserves, 43,955 barrels of NGL reserves, and 207,823 million cubic feet of natural gas reserves.

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