Short Interest in Vertex Energy Grows By 78.0% (VTNR)
Vertex Energy (NASDAQ:VTNR) was the recipient of a significant increase in short interest during the month of June. As of June 13th, there was short interest totalling 969,345 shares, an increase of 78.0% from the May 30th total of 544,470 shares, Analyst Ratings Network.com reports. Based on an average trading volume of 789,234 shares, the days-to-cover ratio is currently 1.2 days. Currently, 7.6% of the shares of the stock are sold short.
A number of research firms have recently commented on VTNR. Analysts at Wunderlich reiterated a “buy” rating on shares of Vertex Energy in a research note on Monday, June 2nd. They now have a $12.00 price target on the stock, up previously from $10.00. Separately, analysts at Singular Research raised their price target on shares of Vertex Energy from $10.00 to $15.00 in a research note on Friday, May 30th. They now have a “buy” rating on the stock. Finally, analysts at Zacks downgraded shares of Vertex Energy from an “outperform” rating to a “neutral” rating in a research note on Tuesday, May 27th. They now have a $9.50 price target on the stock. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $10.75.
Vertex Energy (NASDAQ:VTNR) opened at 9.84 on Wednesday. Vertex Energy has a one year low of $2.35 and a one year high of $11.25. The stock’s 50-day moving average is $9.2 and its 200-day moving average is $6.03. The company has a market cap of $221.5 million and a P/E ratio of 26.17.
Vertex Energy (NASDAQ:VTNR) last announced its earnings results on Tuesday, May 13th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $47.30 million for the quarter, compared to the consensus estimate of $42.48 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. Analysts expect that Vertex Energy will post $0.51 EPS for the current fiscal year.
Vertex Energy, Inc (NASDAQ:VTNR) is an environmental services company that recycles industrial waste streams and off-specification commercial chemical products.
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