Camber Energy, Inc. (NYSEAMERICAN:CEI) Sees Large Decline in Short Interest

Camber Energy, Inc. (NYSEAMERICAN:CEI) was the target of a large decrease in short interest in May. As of May 31st, there was short interest totalling 4,950,000 shares, a decrease of 9.5% from the May 15th total of 5,470,000 shares. Based on an average trading volume of 7,800,000 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Camber Energy stock. Phraction Management LLC purchased a new stake in shares of Camber Energy, Inc. (NYSEAMERICAN:CEI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 356,299 shares of the oil and natural gas company’s stock, valued at approximately $81,000. Phraction Management LLC owned approximately 0.33% of Camber Energy at the end of the most recent quarter. 3.93% of the stock is currently owned by institutional investors and hedge funds.

Camber Energy Stock Performance

Shares of NYSEAMERICAN:CEI traded down $0.01 during mid-day trading on Tuesday, hitting $0.12. The stock had a trading volume of 12,751,050 shares, compared to its average volume of 6,113,938. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.21 and a current ratio of 0.52. Camber Energy has a 12-month low of $0.12 and a 12-month high of $1.27.

Camber Energy (NYSEAMERICAN:CEI) last released its earnings results on Friday, May 10th. The oil and natural gas company reported ($0.03) earnings per share (EPS) for the quarter. Camber Energy had a negative return on equity of 100.29% and a negative net margin of 172.80%. The company had revenue of $8.29 million during the quarter.

Camber Energy Company Profile

Camber Energy, Inc provides custom energy and power solutions to commercial and industrial clients in North America. The company operates through two segments, Power Generation and Oil and Gas Exploration. It manufactures and supplies power generation products, services, and custom energy solutions; clean-tech energy systems, including combined heat and power, tier 4 final diesel, and natural gas industrial engines, solar, wind, and storage; designs and assembles electrical control equipment, such as switch gear, synchronization and paralleling gear, distribution, bi-fuel, and complete power generation production controls; and clean energy and carbon-capture systems to generate clean electricity.