Evolve Transition Infrastructure LP (NYSEAMERICAN:SNMP) Sees Large Growth in Short Interest

Evolve Transition Infrastructure LP (NYSEAMERICAN:SNMPGet Rating) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 2,330,000 shares, a growth of 16.5% from the March 31st total of 2,000,000 shares. Based on an average daily trading volume, of 2,640,000 shares, the short-interest ratio is presently 0.9 days. Currently, 5.4% of the company’s shares are sold short.

Evolve Transition Infrastructure stock opened at $0.45 on Friday. The company has a market cap of $67.01 million, a price-to-earnings ratio of -0.15 and a beta of -0.21. Evolve Transition Infrastructure has a 52-week low of $0.30 and a 52-week high of $1.93.

Institutional investors and hedge funds have recently modified their holdings of the stock. Citigroup Inc. bought a new position in shares of Evolve Transition Infrastructure in the 3rd quarter worth $33,000. Aurora Private Wealth Inc. bought a new position in shares of Evolve Transition Infrastructure in the 4th quarter worth $29,000. Morgan Stanley lifted its holdings in shares of Evolve Transition Infrastructure by 7,270.3% in the 2nd quarter. Morgan Stanley now owns 58,962 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 58,162 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Evolve Transition Infrastructure in the 3rd quarter worth $126,000. Finally, Two Sigma Securities LLC lifted its holdings in shares of Evolve Transition Infrastructure by 899.4% in the 3rd quarter. Two Sigma Securities LLC now owns 126,620 shares of the basic materials company’s stock worth $134,000 after purchasing an additional 113,951 shares in the last quarter. Institutional investors own 15.23% of the company’s stock.

About Evolve Transition Infrastructure (Get Rating)

Evolve Transition Infrastructure LP, together with its subsidiaries, engages in the acquisition, development, ownership, and operation of infrastructure for the transition of energy supply to lower carbon sources in the United States. The company engages in gathering, processing, and transporting natural gas, NGLs, and crude oil.

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