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Upstream Stocks with High Short Interest–to–Equity Float Ratios

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Upstream stocks’ short interest–to–equity float ratios

As of July 8, 2016, Clayton Williams Energy (CWEI) has the highest short interest–to–equity float ratio among upstream stocks at 57.8%. A month ago, it was 48.5%. Three months ago, it was 39.8%.

CWEI’s short interest–to–equity float ratio has been on a rising trend for the last three months. However, over this period, the stock has risen by 70.8%, 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 $184.89 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 risen by 108.5%. 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 sees the smallest rise

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 $218.59 million in 1Q16. The company’s stock has returned 4.8% in the last three months.

EP Energy’s (EPE) short interest–to–equity float ratio is 38.5%. One month ago, it was 35.8%. Three months ago, it was 46.4%. Its net debt-to-EBITDA ratio is 3.6x. Its cash and cash equivalents were $91 million in 1Q16. The stock has risen 8.6% in the last three months.

Continental Resources’ (CLR) short interest–to–equity float ratio is 27.1%. One month ago, it was 28.1%. Three months ago, it was 30.3%. Its net debt-to-EBITDA ratio is 3.7x. Its cash and cash equivalents were $13.0 million in 1Q16. The stock has returned 34.9% in the last three months.

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

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