Shares of FX Energy Rank the Highest in terms of Short Interest in the Oil & Gas Exploration & Production Industry (FXEN, BPZ, AEZ, ZN, PVA)
Below are the top five companies in the Oil & Gas Exploration & Production industry as measured by the short interest ratio. A higher short interest ratio may indicate the potential for a sizeable short squeeze.
FX Energy (NASDAQ:FXEN) has a short interest ratio of 13.1 based on average daily volume of 151,000 shares and 2 million shares short. That equates to 4.6% of the 43.3 million shares outstanding.
BPZ Resources (AMEX:BPZ) has a short interest ratio of 13 based on average daily volume of 1 million shares and 14.7 million shares short. That equates to 12.8% of the 115.2 million shares outstanding.
American Oil & Gas (AMEX:AEZ) has a short interest ratio of 11.2 based on average daily volume of 289,000 shares and 3.2 million shares short. That equates to 5.3% of the 60.8 million shares outstanding.
Zion Oil & Gas (NASDAQ:ZN) has a short interest ratio of 10.7 based on average daily volume of 136,000 shares and 1.5 million shares short. That equates to 7.8% of the 18.7 million shares outstanding.
Penn Virginia (NYSE:PVA) has a short interest ratio of 8.2 based on average daily volume of 587,000 shares and 4.8 million shares short. That equates to 10.6% of the 45.5 million shares outstanding.
SmarTrend is bearish on shares of BPZ and our subscribers were alerted to Sell on May 05, 2010 at $6.32. The stock has fallen 46.5% since the alert was issued.
