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The Top 5 Upstream Stocks by Short Interest–to–Equity Float Ratio

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Jul. 4 2016, Published 12:51 p.m. ET

Upstream stocks’ short interest–to–equity float ratios

As of July 1, 2016, Clayton Williams Energy (CWEI) has the highest short interest–to–equity float ratio among upstream stocks at 57.8%. One month ago, it was 48.5%. Three months ago, it was 39.8%.

CWEI’s short interest–to–equity float ratio has been on an upward trend for the last three months. However, over this period, the stock has risen by 211.3%, the most among all upstream stocks. The company’s net debt-to-EBITDA (earnings before interest, tax, depreciation, and amortization) ratio is 9.6x. Its cash and cash equivalents were $184.9 million in 1Q16.

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Currently, Stone Energy’s (SGY) short interest–to–equity float ratio is 40.5%. One month ago, it was 30.8%. Three months ago, it was 31.3%. In the last three months, the stock has fallen by 95.9%. SGY’s net debt-to-EBITDA ratio was 3.5x in 1Q16, and its cash and cash equivalents were $367.1 million.

Bonanza Creek Energy’s (BCEI) short interest–to–equity float ratio is 39.4%. One month ago, it was 37.5%. Three months ago, it was 38.7%. Its net debt-to-EBITDA ratio was 3.5x. Its cash and cash equivalents were $21.3 million in 1Q16. The company’s stock has returned 32.3% in the last three months.

EP Energy sees the smallest rise

EP Energy’s (EPE) short interest–to–equity float ratio is 38.5%. One month ago, it was 34.9%. Three months ago, it was 35.8%. Its net debt-to-EBITDA ratio is 3.6x. Its cash and cash equivalents were $100 million in 1Q16. The stock has risen 29.3% in last three months.

Continental Resources’ (CLR) short interest–to–equity float ratio is 27.1%. One month ago, it was 28.2%. Three months ago, it was 30.3%. Its net debt-to-EBITDA ratio is 3.7x. Its cash and cash equivalents were $12.9 million in 1Q16. The stock has returned 49.5% in last three months.

Northern Oil and Gas, Inc. (NOG) and Approach Resources (AREX) have short interest–to–equity float ratios of 25.7% and 21.9%, respectively.

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