Lilis Energy Inc (LLEX) Sees Large Growth in Short Interest
Lilis Energy Inc (NYSEAMERICAN:LLEX) was the target of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 3,527,981 shares, a growth of 0.4% from the November 15th total of 3,515,480 shares. Approximately 11.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 90,026 shares, the days-to-cover ratio is currently 39.2 days.
In related news, major shareholder Fund Vertex sold 10,720 shares of the firm’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $5.01, for a total transaction of $53,707.20. Following the completion of the sale, the insider now directly owns 6,962,640 shares of the company’s stock, valued at approximately $34,882,826.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
A hedge fund recently raised its stake in Lilis Energy stock. Wolverine Trading LLC boosted its holdings in shares of Lilis Energy Inc (NYSEAMERICAN:LLEX) by 411.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,188 shares of the company’s stock after buying an additional 49,214 shares during the quarter. Wolverine Trading LLC owned approximately 0.12% of Lilis Energy worth $274,000 at the end of the most recent reporting period.
Several research firms have recently issued reports on LLEX. Zacks Investment Research upgraded Lilis Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Capital One Financial began coverage on Lilis Energy in a research report on Thursday, October 5th. They issued an “overweight” rating and a $7.00 price target on the stock. Seaport Global Securities restated a “buy” rating and issued a $8.00 price target (up from $6.75) on shares of Lilis Energy in a research report on Wednesday, October 4th. Williams Capital began coverage on Lilis Energy in a report on Tuesday, September 26th. They set a “buy” rating and a $7.00 target price on the stock. Finally, Stephens began coverage on Lilis Energy in a report on Friday, September 29th. They set an “overweight” rating and a $6.00 target price on the stock. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $6.71.
About Lilis Energy
Lilis Energy, Inc is an upstream independent oil and gas company. The Company is engaged in the acquisition, drilling and production of oil and natural gas properties and prospects. The Company drills for, operates and produces oil and natural gas wells through its land holdings located in Wyoming, Colorado, and Nebraska.
Receive News & Ratings for Lilis Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lilis Energy and related companies with MarketBeat.com's FREE daily email newsletter.