Short Interest in Emerald Oil Expands By 4.3% (EOX)
Shares of Emerald Oil (NYSE:EOX) saw a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 16,594,760 shares, a growth of 4.3% from the July 31st total of 15,912,441 shares, American Banking and Market News reports. Based on an average daily trading volume, of 1,043,812 shares, the short-interest ratio is currently 15.9 days. Approximately 30.4% of the company’s shares are sold short.
EOX has been the subject of a number of recent research reports. Analysts at Howard Weil raised their price target on shares of Emerald Oil from $11.00 to $13.00 in a research note on Wednesday, August 6th. They now have a “sector outperform” rating on the stock. Separately, analysts at Brean Capital raised their price target on shares of Emerald Oil from $10.00 to $11.00 in a research note on Tuesday, August 5th. They now have a “buy” rating on the stock. Finally, analysts at GMP Securities initiated coverage on shares of Emerald Oil in a research note on Tuesday, June 24th. They set a “buy” rating and a $12.00 price target on the stock. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $11.25.
Shares of Emerald Oil (NYSE:EOX) traded down 0.24% during mid-day trading on Tuesday, hitting $8.41. 1,117,925 shares of the company’s stock traded hands. Emerald Oil has a one year low of $6.00 and a one year high of $9.20. The stock has a 50-day moving average of $7.73 and a 200-day moving average of $7.1. The company’s market cap is $559.1 million.
Emerald Oil, Inc (NYSE:EOX) is an independent oil and natural gas exploration and production company.