Advantage Oil & Gas Ltd (NYSE:AAV) (TSE:AAV) was the target of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 305,331 shares, a decline of 86.4% from the October 31st total of 2,251,968 shares. Based on an average trading volume of 135,914 shares, the days-to-cover ratio is presently 2.2 days. Approximately 0.2% of the shares of the company are short sold.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Mackenzie Financial Corp grew its holdings in Advantage Oil & Gas by 1.9% in the 3rd quarter. Mackenzie Financial Corp now owns 9,918,536 shares of the oil and gas company’s stock valued at $62,487,000 after buying an additional 182,552 shares in the last quarter. Montrusco Bolton Investments Inc. grew its holdings in Advantage Oil & Gas by 12.3% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 7,406,023 shares of the oil and gas company’s stock valued at $46,308,000 after buying an additional 812,405 shares in the last quarter. Vanguard Group Inc. grew its holdings in Advantage Oil & Gas by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 3,762,620 shares of the oil and gas company’s stock valued at $25,398,000 after buying an additional 167,050 shares in the last quarter. TD Asset Management Inc. grew its holdings in Advantage Oil & Gas by 2.7% in the 3rd quarter. TD Asset Management Inc. now owns 3,677,390 shares of the oil and gas company’s stock valued at $22,994,000 after buying an additional 95,600 shares in the last quarter. Finally, CIBC World Markets Inc. grew its holdings in Advantage Oil & Gas by 6.5% in the 2nd quarter. CIBC World Markets Inc. now owns 1,886,638 shares of the oil and gas company’s stock valued at $12,735,000 after buying an additional 115,593 shares in the last quarter. 54.82% of the stock is currently owned by hedge funds and other institutional investors.

Advantage Oil & Gas (NYSE AAV) opened at $4.65 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.12. Advantage Oil & Gas has a 1-year low of $4.65 and a 1-year high of $7.55. The company has a market capitalization of $864.72, a price-to-earnings ratio of 29.06 and a beta of 0.93.

A number of research firms recently weighed in on AAV. TheStreet raised Advantage Oil & Gas from a “c” rating to a “b-” rating in a report on Monday, August 7th. BidaskClub lowered Advantage Oil & Gas from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Zacks Investment Research raised Advantage Oil & Gas from a “sell” rating to a “hold” rating in a report on Thursday, November 23rd. BMO Capital Markets lowered Advantage Oil & Gas from an “outperform” rating to a “market perform” rating and set a $8.00 price objective on the stock. in a report on Tuesday, October 10th. Finally, Scotiabank reaffirmed a “buy” rating and issued a $11.50 price objective on shares of Advantage Oil & Gas in a report on Tuesday, October 10th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $9.44.

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About Advantage Oil & Gas

Advantage Oil & Gas Ltd. is an intermediate natural gas and liquids development and production company. The Company is engaged in the business of natural gas exploitation, development, acquisition and production in the Province of Alberta. The Company focuses on the development of Montney resource play at Glacier, Alberta in Western Canada.

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