Is Buying Bellatrix Exploration Limited (NYSE:BXE), Having Higher Short Interest a Winning Strategy?

September 17, 2017 - By Dolores Ford

 Is Buying Bellatrix Exploration Limited (NYSE:BXE), Having Higher Short Interest a Winning Strategy?

The stock of Bellatrix Exploration Limited (NYSE:BXE) registered an increase of 4.65% in short interest. BXE’s total short interest was 263,100 shares in September as published by FINRA. Its up 4.65% from 251,400 shares, reported previously. With 41,800 shares average volume, it will take short sellers 6 days to cover their BXE’s short positions.

The stock increased 1.79% or $0.05 on September 15, reaching $2.84. About 39,135 shares traded. Bellatrix Exploration Ltd (NYSE:BXE) has declined 27.42% since September 17, 2016 and is downtrending. It has underperformed by 44.12% the S&P500.

Bellatrix Exploration Ltd. is an oil and gas exploration firm engaged in the exploration for, and the acquisition, development and production of oil and natural gas reserves in the provinces of Alberta, British Columbia and Saskatchewan. The company has market cap of $139.74 million. The Company’s properties include Ferrier, Willesden Green, Greater Pembina, Strachan and Harmattan. It has a 5.34 P/E ratio. Ferrier is located over 30 kilometers northwest of Rocky Mountain House, Alberta.

Bellatrix Exploration Ltd (NYSE:BXE) Ratings Coverage

Among 3 analysts covering Bellatrix Exploration Ltd (NYSE:BXE), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Bellatrix Exploration Ltd had 8 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by National Bank Canada with “Outperform” on Friday, November 6. The stock of Bellatrix Exploration Ltd (NYSE:BXE) earned “Hold” rating by Zacks on Monday, August 10.

More notable recent Bellatrix Exploration Ltd (NYSE:BXE) news were published by: Seekingalpha.com which released: “Why Bellatrix Exploration Looks Set For A Break-Out” on December 21, 2016, also Seekingalpha.com with their article: “Bellatrix Exploration: On The Margin Of The Supply Curve” published on August 18, 2017, Seekingalpha.com published: “Will The Onslaught Ever End For Bellatrix Exploration Shareholders?” on June 05, 2017. More interesting news about Bellatrix Exploration Ltd (NYSE:BXE) were released by: Seekingalpha.com and their article: “Why Bellatrix Exploration’s Drop Is A Buying Opportunity” published on October 06, 2016 as well as Seekingalpha.com‘s news article titled: “Bellatrix Exploration: Hurt By Low AECO Natural Gas Prices” with publication date: July 11, 2017.

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