Superior Drilling Products, Inc. (NYSEAMERICAN:SDPI) Short Interest Up 25.3% in July

Superior Drilling Products, Inc. (NYSEAMERICAN:SDPIGet Rating) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 117,200 shares, a growth of 25.3% from the June 30th total of 93,500 shares. Based on an average trading volume of 176,100 shares, the short-interest ratio is currently 0.7 days. Currently, 1.1% of the shares of the stock are sold short.

Superior Drilling Products Price Performance

Superior Drilling Products stock opened at $0.89 on Tuesday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.10 and a current ratio of 1.34. The company has a market cap of $25.02 million, a P/E ratio of -12.66 and a beta of 0.13. Superior Drilling Products has a 1-year low of $0.65 and a 1-year high of $2.38.

Superior Drilling Products (NYSEAMERICAN:SDPIGet Rating) last released its quarterly earnings results on Friday, May 13th. The oil and gas company reported $0.01 EPS for the quarter. Superior Drilling Products had a negative net margin of 16.75% and a negative return on equity of 50.55%. The business had revenue of $4.13 million during the quarter. As a group, analysts predict that Superior Drilling Products will post -0.05 earnings per share for the current year.

Institutional Investors Weigh In On Superior Drilling Products

A hedge fund recently bought a new stake in Superior Drilling Products stock. Prescott Group Capital Management L.L.C. acquired a new stake in shares of Superior Drilling Products, Inc. (NYSEAMERICAN:SDPIGet Rating) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 218,000 shares of the oil and gas company’s stock, valued at approximately $159,000. Prescott Group Capital Management L.L.C. owned approximately 0.77% of Superior Drilling Products as of its most recent SEC filing. 9.52% of the stock is owned by institutional investors and hedge funds.

About Superior Drilling Products

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Superior Drilling Products, Inc, a drilling and completion tool technology company, innovates, designs, engineers, manufactures, sells, rents, and repairs drilling and completion tools in the United States, Canada, the Middle East, and Eastern Europe. Its drilling solutions include Drill-N-Ream, a dual-section wellbore conditioning tool; Strider, a drill string oscillation system technology; and V-Stream, an advanced conditioning system.

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