Yuma Energy, Inc. (YUMA) Short Interest Down 20.6% in November
Yuma Energy, Inc. (NYSEAMERICAN:YUMA) saw a significant drop in short interest in November. As of November 15th, there was short interest totalling 230,820 shares, a drop of 20.6% from the October 31st total of 290,693 shares. Based on an average daily trading volume, of 521,306 shares, the short-interest ratio is currently 0.4 days. Approximately 1.4% of the company’s stock are sold short.
Yuma Energy (NYSEAMERICAN:YUMA) traded up $0.04 on Monday, hitting $1.19. The stock had a trading volume of 330,143 shares, compared to its average volume of 178,314. Yuma Energy has a twelve month low of $0.77 and a twelve month high of $4.50.
Separately, ValuEngine cut Yuma Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st.
A hedge fund recently raised its stake in Yuma Energy stock. Sanders Morris Harris LLC increased its stake in shares of Yuma Energy, Inc. (NYSEAMERICAN:YUMA) by 809.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,694,827 shares of the oil and gas producer’s stock after buying an additional 4,178,872 shares during the quarter. Yuma Energy comprises about 1.9% of Sanders Morris Harris LLC’s holdings, making the stock its 11th largest position. Sanders Morris Harris LLC owned approximately 37.38% of Yuma Energy worth $4,466,000 as of its most recent filing with the Securities & Exchange Commission.
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About Yuma Energy
Yuma Energy, Inc focuses on the acquisition, development, and exploration for conventional and unconventional oil and natural gas resources in the United States Gulf Coast and California. It has onshore assets comprising the Austin Chalk, Tuscaloosa, Wilcox, Frio, Marg Tex, and Hackberry formations located in central and southern Louisiana; and operated and non-operated assets in south Louisiana, including Cameron, Jefferson Davis, LaFourche, Livingston, St.
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