SandRidge Permian Trust (PER) : Traders are negative on SandRidge Permian Trust (PER), as it has 1.3% of short positions outstanding compared to its float. The total shorts have reduced by -5,872 shares, which is a -1.1% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,521,572 to 515,700 shares. While the daily trading volume of the stock is 350,711, there are 1 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
SandRidge Permian Trust (NYSE:PER): The stock opened at $2.66 on Wednesday but the bulls could not build on the opening and the stock topped out at $2.69 for the day. The stock traded down to $2.59 during the day, due to lack of any buying support eventually closed down at $2.60 with a loss of -2.26% for the day. The stock had closed at $2.66 on the previous day. The total traded volume was 100,758 shares.
Sandridge Permian Trust is a statutory trust formed under the Delaware Statutory Trust Act pursuant to a trust agreement by and among SandRidge Energy, Inc. (SandRidge), as Trustor, The Bank of New York Mellon Trust Company, N.A., as Trustee (the Trustee), and The Corporation Trust Company, as Delaware Trustee (the Delaware Trustee). The Trust holds Royalty Interests in specified oil and natural gas properties in the Permian Basin located in Andrews County, Texas (the Underlying Properties).