Short Interest in LRR Energy, L.P. (NASDAQ:LRE) Expands By 59.9%

LRR Energy, L.P. (NASDAQ:LRE – Get Free Report) was the recipient of a significant increase in short interest during the month of 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. Based on an average daily volume of 124,693 shares, the short-interest ratio is currently 0.4 days. Currently, 0.4% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of LRR Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

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LRR Energy Trading Up 0.3%

Shares of NASDAQ:LRE traded up $0.00 during trading on Tuesday, reaching $1.31. 6,786 shares of the stock were exchanged, compared to its average volume of 45,450. LRR Energy has a 12 month low of $1.00 and a 12 month high of $2.97. The stock has a 50-day moving average price of $1.29 and a 200-day moving average price of $1.35.

LRR Energy Company Profile

(Get Free Report)

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).

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