It Seems California Resources Corporation (NYSE:CRC) Will Go Down. Just Reported More Shorted Shares

May 18, 2018 - By Richard Conner

Investors sentiment increased to 0.5 in 2017 Q4. Its up 0.17, from 0.33 in 2017Q3. It increased, as 2 investors sold California Resources Corporation shares while 0 reduced holdings. 0 funds opened positions while 1 raised stakes. 197,048 shares or 0.05% less from 197,142 shares in 2017Q3 were reported.
Moreover, Cypress Capital Limited (Wy) has 0% invested in California Resources Corporation (NYSE:CRC) for 4 shares. Moreover, Adams Asset Advsr Limited Liability Com has 0.47% invested in California Resources Corporation (NYSE:CRC) for 197,006 shares. Vantage Invest Llc accumulated 7 shares. Moreover, Amer Research And Mgmt Com has 0% invested in California Resources Corporation (NYSE:CRC) for 2 shares. Moreover, Messner & Smith Theme Value Inv Management Ltd Ca has 0% invested in California Resources Corporation (NYSE:CRC) for 2 shares. Gemmer Asset Management Ltd Liability Corporation holds 0% or 27 shares.

The stock of California Resources Corporation (NYSE:CRC) registered an increase of 6.3% in short interest. CRC’s total short interest was 11.18 million shares in May as published by FINRA. Its up 6.3% from 10.52 million shares, reported previously. With 2.12M shares average volume, it will take short sellers 5 days to cover their CRC’s short positions. The short interest to California Resources Corporation’s float is 27.16%.

The stock decreased 2.60% or $0.9577 during the last trading session, reaching $35.9223. About 1.11M shares traded. California Resources Corporation (NYSE:CRC) has risen 26.38% since May 18, 2017 and is uptrending. It has outperformed by 14.83% the S&P500.

California Resources Corporation operates as an oil and natural gas exploration and production firm in the State of California. The company has market cap of $1.63 billion. It produces and markets crude oil, natural gas, and natural gas liquids. It currently has negative earnings. The firm holds interests in approximately 2.3 million net acres of mineral acreage.

California Resources Corporation (NYSE:CRC) Ratings Coverage

Among 5 analysts covering California Resources (NYSE:CRC), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. California Resources had 12 analyst reports since January 4, 2018 according to SRatingsIntel. The firm has “Neutral” rating by Bank of America given on Thursday, January 4. The firm has “Buy” rating by Bank of America given on Tuesday, January 16. As per Wednesday, January 17, the company rating was maintained by Susquehanna. Susquehanna maintained the shares of CRC in report on Thursday, April 19 with “Hold” rating. The firm earned “Buy” rating on Monday, May 7 by Imperial Capital. The company was maintained on Friday, May 4 by Bank of America. Societe Generale downgraded the shares of CRC in report on Friday, April 27 to “Hold” rating. Imperial Capital upgraded California Resources Corporation (NYSE:CRC) rating on Monday, February 12. Imperial Capital has “Buy” rating and $26.0 target. The company was maintained on Monday, March 5 by Susquehanna. Societe Generale downgraded California Resources Corporation (NYSE:CRC) on Thursday, January 4 to “Hold” rating.

California Resources Corporation (NYSE:CRC) Ratings Chart

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