Short Interest Change: What’s Ahead for WARREN RESOURCES INCORPORATED (OTCMKTS:WRESQ) After More Shorted Shares?

November 21, 2016 - By Richard Conner   ·   0 Comments

Short Interest Change: What’s Ahead for WARREN RESOURCES INCORPORATED (OTCMKTS:WRESQ) After More Shorted Shares?

The stock of WARREN RESOURCES INCORPORATED (OTCMKTS:WRESQ) registered an increase of 21.78% in short interest. WRESQ’s total short interest was 409,300 shares in November as published by FINRA. Its up 21.78% from 336,100 shares, reported previously. With 3.23M shares average volume, it will take short sellers 0 days to cover their WRESQ’s short positions. The stock last traded at $0.0066 per share. It is down 6.00% since October 22, 2016 and is uptrending. It has outperformed by 2.14% the S&P500.

Warren Resources, Inc. is an independent energy firm engaged in the exploration, development and production of domestic onshore crude gas and oil reserves. The company has a market cap of $562,675. The Company’s development activities are focused on waterflood oil recovery projects in the Wilmington field in California, coalbed methane projects in Wyoming and its Marcellus Shale project that utilizes horizontal drilling and hydraulic fracturing techniques to develop dry natural gas. It currently has negative earnings. The Firm owns natural gas and oil leasehold interests in approximately 106,330 gross (over 80,550 net) acres.

More notable recent Warren Resources, Inc. (OTCMKTS:WRESQ) news were published by: Globenewswire.com which released: “Warren Resources, Inc. Emerges from Bankruptcy” on October 05, 2016, also Wsj.com with their article: “Warren Resources Lawyers Lay Out Plans to Exit Bankruptcy Proceedings” published on June 03, 2016, Moodys.com published: “Moody’s downgrades Warren Resources to Caa2 from B3; negative outlook” on June 11, 2015. More interesting news about Warren Resources, Inc. (OTCMKTS:WRESQ) were released by: Prnewswire.com and their article: “Warren Resources, Inc. Stockholder Notice: Gardy & Notis, LLP Reminds …” published on September 09, 2016 as well as Reuters.com‘s news article titled: “Warren Resources may file for bankruptcy if debt talks fail” with publication date: February 09, 2016.

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By Richard Conner


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