Noteworthy Short Interest Filing: What Next for Bellatrix Exploration Limited (NYSE:BXE) Stock After Increase in Shorted Shares?

November 28, 2016 - By Ellis Scott   ·   0 Comments

Noteworthy Short Interest Filing: What Next for Bellatrix Exploration Limited (NYSE:BXE) Stock After Increase in Shorted Shares?

The stock of Bellatrix Exploration Limited (NYSE:BXE) registered an increase of 8.07% in short interest. BXE’s total short interest was 850,800 shares in November as published by FINRA. Its up 8.07% from 787,300 shares, reported previously. With 274,300 shares average volume, it will take short sellers 3 days to cover their BXE’s short positions. The short interest to Bellatrix Exploration Limited’s float is 0.42%. About 215,349 shares traded hands. Bellatrix Exploration Ltd (NYSE:BXE) has declined 29.73% since April 25, 2016 and is downtrending. It has underperformed by 35.74% the S&P500.

Bellatrix Exploration Ltd. is an oil and gas exploration firm engaged in the exploration for, and the acquisition, development and production of oil and natural gas reserves in the provinces of Alberta, British Columbia and Saskatchewan. The company has a market cap of $191.84 million. The Company’s properties include Ferrier, Willesden Green, Greater Pembina, Strachan and Harmattan. It currently has negative earnings. Ferrier is located over 30 kilometers northwest of Rocky Mountain House, Alberta.

Bellatrix Exploration Ltd (NYSE:BXE) Ratings Coverage

Out of 3 analysts covering Bellatrix Exploration Ltd (NYSE:BXE), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Bellatrix Exploration Ltd has been the topic of 8 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Friday, November 6 the stock rating was maintained by National Bank Canada with “Outperform”. The company was upgraded on Monday, August 10 by Zacks.

More recent Bellatrix Exploration Ltd (NYSE:BXE) news were published by: Prnewswire.com which released: “Bellatrix Exploration Ltd. Announces Second Quarter 2016 Financial and …” on August 10, 2016. Also Prnewswire.com published the news titled: “Bellatrix Exploration Ltd. Announces Third Quarter 2016 Financial and …” on November 09, 2016. Seekingalpha.com‘s news article titled: “Bellatrix Exploration: Ready To Break Out” with publication date: July 04, 2016 was also an interesting one.

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By Ellis Scott


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