Monday, June 19, 2017 1:33 PM EDT
Sanchez Energy Corp. (NYSE: SN) is an oil and gas exploration company based in Houston, Texas with a market cap of $600 Million.The stock is up 30% in the past 3 weeks, closing Friday at $7.51 from a 52-week low of $5.60 on May 31st. However it is still almost half of the 52-week high of a $14-handle in January.
The firm announced a sale of non-core assets, and the borrow fee increased from 3% in May to 40% today. Volume on loan increased 20% in the past few weeks and Short Interest is 34% of the float. With utilization hovering between 80% and 90%, shares are around.Mid-size brokers are lending and bulge brackets are borrowing.
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Disclosure: The analysis in this article is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the ...
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Disclosure: The analysis in this article is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IB to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.
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