LRR Energy, L.P. (NASDAQ:LRE) Sees Significant Growth in Short Interest

LRR Energy, L.P. (NASDAQ:LRE) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 51,726 shares, an increase of 59.9% from the May 14th total of 32,350 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 124,693 shares, the short-interest ratio is currently 0.4 days.

LRR Energy Stock Performance

Shares of LRE opened at $1.32 on Wednesday. LRR Energy has a 12 month low of $1.00 and a 12 month high of $2.97. The firm has a fifty day simple moving average of $1.29 and a 200 day simple moving average of $1.35.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded LRR Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

LRR Energy Company Profile

LRR Energy, L.P. (LRR Energy) operates, acquires, exploits and develops producing oil and natural gas properties in North America. The Company’s properties consist of onshore oil and natural gas properties. Its oil and natural gas properties include the Permian Basin region in West Texas and Southeast New Mexico, the Mid-Continent region in Oklahoma and East Texas, and the Gulf Coast region in Texas. As of December 31, 2014, the Company’s total estimated proved reserves were approximately 33.8 million barrels of oil equivalent (MMBoe), of which approximately 88% were proved developed reserves (approximately 73% proved developed producing and approximately 15% proved developed non-producing).