After Reaching Milestone, Is Approach Resources Inc (NASDAQ:AREX)’s Short Interest Revealing Something?

September 16, 2018 - By Benjamin Allen

Investors sentiment increased to 1.04 in Q2 2018. Its up 0.19, from 0.85 in 2018Q1. It is positive, as 7 investors sold Approach Resources, Inc. shares while 21 reduced holdings. 5 funds opened positions while 24 raised stakes. 25.54 million shares or 29.97% more from 19.65 million shares in 2018Q1 were reported.
Amer Int Group Incorporated has invested 0% in Approach Resources, Inc. (NASDAQ:AREX). 24,218 were reported by Wells Fargo & Mn. Bnp Paribas Arbitrage has invested 0% of its portfolio in Approach Resources, Inc. (NASDAQ:AREX). 512,012 were reported by Panagora Asset Inc. Schwab Charles Inv Incorporated reported 74,500 shares. Grp Inc One Trading Ltd Partnership invested in 27,695 shares or 0% of the stock. Invesco Limited owns 219,626 shares for 0% of their portfolio. Legal General Public Ltd Liability Co, a United Kingdom-based fund reported 6,109 shares. Guggenheim Capital Limited Liability reported 990,797 shares. Aqr Cap Management Ltd Limited Liability Company owns 65,375 shares or 0% of their US portfolio. New Generation Advsrs Limited holds 1.86M shares or 2.62% of its portfolio. Dimensional Fund Advisors Limited Partnership stated it has 0% in Approach Resources, Inc. (NASDAQ:AREX). Janney Montgomery Scott reported 134,381 shares. Two Sigma Securities Limited Co reported 10,160 shares. Moors Cabot accumulated 17,500 shares or 0.01% of the stock.

The stock of Approach Resources Inc (NASDAQ:AREX) registered a decrease of 1.19% in short interest. AREX’s total short interest was 8.36 million shares in September as published by FINRA. Its down 1.19% from 8.46M shares, reported previously. With 251,700 shares average volume, it will take short sellers 33 days to cover their AREX’s short positions. The short interest to Approach Resources Inc’s float is 23.49%.

The stock increased 0.49% or $0.01 during the last trading session, reaching $2.04. About 178,747 shares traded. Approach Resources, Inc. (NASDAQ:AREX) has declined 22.96% since September 16, 2017 and is downtrending. It has underperformed by 38.58% the S&P500.

Approach Resources, Inc., an independent energy company, focuses on the acquisition, exploration, development, and production of unconventional gas and oil reserves in the United States. The company has market cap of $186.28 million. The companyÂ’s properties are primarily located in the Permian Basin in west Texas. It has a 8.99 P/E ratio. It also owns interests in east Texas Basin.

More news for Approach Resources, Inc. (NASDAQ:AREX) were recently published by: Globenewswire.com, which released: “Consolidated Research: 2018 Summary Expectations for Internap, Approach Resources, Agile Therapeutics, Town …” on August 29, 2018. Seekingalpha.com‘s article titled: “E&P Bottom Of The Barrel Club #18-4: The Second Half Kickoff Gets Muffed” and published on September 04, 2018 is yet another important article.

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