Glori Energy Sees Significant Drop in Short Interest (GLRI)
Shares of Glori Energy (NASDAQ:GLRI) were the target of a large decrease in short interest in July. As of July 31st, there was short interest totalling 778,465 shares, a decrease of 20.3% from the July 15th total of 977,221 shares, Analyst Ratings.Net reports. Based on an average daily volume of 52,475 shares, the short-interest ratio is presently 14.8 days. Currently, 5.9% of the shares of the company are sold short.
GLRI has been the subject of a number of recent research reports. Analysts at Maxim Group cut their price target on shares of Glori Energy from $11.00 to $10.00 in a research note on Wednesday, August 13th. They now have a “buy” rating on the stock. Analysts at FBR Capital Markets initiated coverage on shares of Glori Energy in a research note on Wednesday, July 16th. They set an “outperform” rating and a $13.00 price target on the stock.
Glori Energy (NASDAQ:GLRI) opened at 8.15 on Monday. Glori Energy has a one year low of $7.51 and a one year high of $12.44. The stock has a 50-day moving average of $8.86 and a 200-day moving average of $8.63. The company’s market cap is $255.8 million.
Glori Energy (NASDAQ:GLRI) last issued its quarterly earnings data on Tuesday, August 12th. The company reported ($0.09) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.06) by $0.03. The company had revenue of $5.56 million for the quarter, compared to the consensus estimate of $935.00 million. Analysts expect that Glori Energy will post $-0.25 EPS for the current fiscal year.
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