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Emerald Oil (NYSE:EOX) was the recipient of a significant increase in short interest in the month of January. As of February 14th, there was short interest totalling 4,058,790 shares, an increase of 2.5% from the January 31st total of 3,960,078 shares, American Banking News reports. Approximately 7.6% of the company’s shares are sold short. Based on an average daily trading volume, of 572,497 shares, the short-interest ratio is currently 7.1 days.

A number of analysts have recently weighed in on EOX shares. Analysts at Global Hunter Securities upgraded shares of Emerald Oil from an “accumulate” rating to a “buy” rating in a research note on Monday, January 13th. They now have a $12.00 price target on the stock, up previously from $10.00. Separately, analysts at Credit Suisse initiated coverage on shares of Emerald Oil in a research note on Friday, January 10th. They set an “outperform” rating and a $10.00 price target on the stock. Finally, analysts at Iberia Capital initiated coverage on shares of Emerald Oil in a research note on Monday, December 30th. They set an “outperform” rating and a $11.00 price target on the stock. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $10.21.

Shares of Emerald Oil (NYSE:EOX) opened at 7.46 on Thursday. Emerald Oil has a 52 week low of $5.81 and a 52 week high of $9.20. The stock has a 50-day moving average of $7.43 and a 200-day moving average of $7.43. The company’s market cap is $487.1 million.

Emerald Oil, Inc, formerly Voyager Oil & Gas, Inc is an independent oil and natural gas exploration and production company.

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