Seventy Seven Energy Short Interest Up 1,407,837.4% in July (SSE)
Seventy Seven Energy (NYSE:SSE) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 4,786,987 shares, an increase of 1,407,837.4% from the June 30th total of 340 shares, ARN reports. Currently, 10.1% of the company’s stock are short sold. Based on an average daily trading volume, of 2,945,066 shares, the short-interest ratio is currently 1.6 days.
A number of analysts have recently weighed in on SSE shares. Analysts at Susquehanna initiated coverage on shares of Seventy Seven Energy in a research note on Monday. They set a “neutral” rating and a $26.00 price target on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of Seventy Seven Energy in a research note on Thursday, July 17th. They set an “equal weight” rating and a $29.00 price target on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of Seventy Seven Energy in a research note on Wednesday, July 16th. They set a “hold” rating and a $27.00 price target on the stock.
Shares of Seventy Seven Energy (NYSE:SSE) opened at 23.18 on Thursday. Seventy Seven Energy has a 52-week low of $24.12 and a 52-week high of $28.34. The stock has a 50-day moving average of $25. and a 200-day moving average of $25..
Seventy Seven Energy Inc is a diversified oilfield services company that provides a range of wellsite services and equipment to the United States land-based exploration and production (NYSE:SSE) customers operating in unconventional resource plays.
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