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A Look at Upstream Stocks with the Highest Short Interest

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Upstream stocks with high short interest

As of June 17, 2016, Clayton Williams Energy (CWEI) had the highest short interest-to-equity float ratio among upstream stocks, at 50.0%. One month ago, it was 42.8%. Three months ago, it was 31.1%.

CWEI’s short interest-to-equity float ratio has been on an uptrend for the last three months. However, over this period, the stock has risen 179.4%, the most among all upstream stocks. The company’s net debt-to-EBITDA (earnings before interest, tax, depreciation, and amortization) ratio is 9.58x. Its cash and cash equivalent was $184.9 million as of 1Q16.

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Stone Energy sees the highest fall

Currently, Stone Energy’s (SGY) short interest-to-equity float is 33.0%. One month ago, it was 37.8%. Three months ago, it was 27.1%. In the last three months, the stock has fallen 61.6%, the most among the top five upstream companies with the highest short interest. Its net debt-to-EBITDA ratio was 3.48x in 1Q16, and its cash and cash equivalent was $367.1 million.

Bonanza Creek Energy (BCEI), EP Energy (EPE), and Continental Resources (CLR) have returned 25.9%, 1.0%, and 37.4%, respectively, in the last three months. BCEI’s short interest-to-equity float is 37.5%. One month ago, it was 39.2%. Three months ago, it was 37.9%. Its net debt-to-EBITDA ratio was 3.52x. Its cash and cash equivalent was $21.3 million in 1Q16.

EPE’s short interest-to-equity float is 35.8%. One month ago, it was 34.9%. Three months ago, it was 38.0%. Its net debt-to-EBITDA ratio is 3.58x. Its cash and cash equivalent was $100 million in 1Q16.

CLR’s short interest-to-equity float is 28.1%. One month ago, it was 27.7%. Three months ago, it was 29.4%. Its net debt-to-EBITDA ratio is 3.73x. Its cash and cash equivalent was $12.9 million in 1Q16.

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