Today’s Stock On Watch: What’s in Torchlight Energy Resources Incorporated (NASDAQ:TRCH) After Rise in Shorted Shares?

November 18, 2016 - By Dolores Ford   ·   0 Comments

Today's Stock On Watch: What’s in Torchlight Energy Resources Incorporated (NASDAQ:TRCH) After Rise in Shorted Shares?

The stock of Torchlight Energy Resources Incorporated (NASDAQ:TRCH) registered an increase of 10.57% in short interest. TRCH’s total short interest was 616,300 shares in November as published by FINRA. Its up 10.57% from 557,400 shares, reported previously. With 148,100 shares average volume, it will take short sellers 4 days to cover their TRCH’s short positions. The short interest to Torchlight Energy Resources Incorporated’s float is 1.98%. The stock increased 24.18% or $0.22 on November 17, hitting $1.13. Torchlight Energy Resources Inc (NASDAQ:TRCH) has risen 82.26% since April 18, 2016 and is uptrending. It has outperformed by 77.83% the S&P500.

Torchlight Energy Resources, Inc. is engaged in the acquisition, exploration, exploitation and/or development of oil and natural gas properties in the United States. The company has a market cap of $53.54 million. The Firm focuses on drilling and working interest programs within the United States. It currently has negative earnings. The Firm has interests in approximately four gas and oil projects: the Marcelina Creek Field Development in Wilson County, Texas; the Ring Energy Joint Venture in Southwest Kansas; Hunton wells in partnership with Husky Ventures in Central Oklahoma, and the Orogrande Project in Hudspeth County, Texas.

Insitutional Activity: The institutional sentiment increased to 4 in Q2 2016. Its up 2.60, from 1.4 in 2016Q1. The ratio is positive, as 4 funds sold all Torchlight Energy Resources Inc shares owned while 1 reduced positions. 3 funds bought stakes while 4 increased positions. They now own 2.09 million shares or 12.92% less from 2.40 million shares in 2016Q1.
Blackrock Advsrs holds 0% or 5,009 shares in its portfolio. Moreover, Goldman Sachs Grp Incorporated has 0% invested in Torchlight Energy Resources Inc (NASDAQ:TRCH) for 27,737 shares. Mariner Wealth Advsr Limited Liability holds 13,826 shares or 0% of its portfolio. Moreover, Raymond James Serv Advisors has 0% invested in Torchlight Energy Resources Inc (NASDAQ:TRCH) for 14,000 shares. Blackrock Institutional Trust Na owns 22,454 shares or 0% of their US portfolio. Hightower Advsr Limited accumulated 10,000 shares or 0% of the stock. Blackrock Fund Advisors accumulated 0% or 4,452 shares. Perkins Management Inc, a Minnesota-based fund reported 55,000 shares. Morgan Stanley reported 3,962 shares or 0% of all its holdings. Geode Capital Management, a Massachusetts-based fund reported 84,269 shares. Vanguard Gru last reported 0% of its portfolio in the stock. Natl Bank Of America De holds 0% or 7,915 shares in its portfolio. Citadel Limited Liability Company has 0% invested in the company for 34,456 shares. National Bank Of Ny Mellon, a New York-based fund reported 10,000 shares. Amg Tru Bancshares accumulated 1.47 million shares or 0.07% of the stock.

TRCH Company Profile

Torchlight Energy Resources, Inc. (Torchlight), incorporated on October 30, 2007, is engaged in the acquisition, exploration, exploitation, and/or development of oil and natural gas properties in the United States. The Firm focuses on drilling and working interest programs within the United States. The Firm has interests in approximately four gas and oil projects: the Marcelina Creek Field Development in Wilson County, Texas; the Ring Energy Joint Venture in Southwest Kansas; Hunton wells in partnership with Husky Ventures in Central Oklahoma, and the Orogrande Project in Hudspeth County, Texas. The Firm also operates through two other subsidiaries, including Torchlight Energy Operating, LLC, a Texas limited liability company, and Hudspeth Oil Corporation, a Texas corporation.

More news for Torchlight Energy Resources Inc (NASDAQ:TRCH) were recently published by: Bizjournals.com, which released: “Torchlight Energy reports $2.2M loss in Q1; creditors could force bankruptcy” on May 15, 2015. Reuters.com‘s article titled: “BRIEF-Torchlight Energy Resources expanded size of board by one seat” and published on October 13, 2016 is yet another important article.

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By Dolores Ford


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