Thu, Jan 29, 2015, 5:56 AM EST - U.S. Markets open in 3 hrs 34 mins


% | $
Quotes you view appear here for quick access.

Magnum Hunter Resources Corp. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • exidor32 exidor32 Apr 3, 2012 3:04 PM Flag

    How can 47.5% out of 122mil be shorted

    Every once in a while you find a stock that the shorts just plain get wrong. MHR is one of those stocks. Just be patient.

    My guess is that if you talked to the institutional traders who are shorting this, they would not be able to give you any fundamental explanation for why it should be shorted. Their answer will be something like, "because the short interest is high...", or "...too many preferred shares...", or Gary Evans beat me up when I was a kid, or some crap like that.

    Shorts never look at the company that MHR will become. They probably don't even know it's a growth company, what it's asset values are, or will be in 5 years.

    The money that will be made here by longs will be incredible, compared to the few dimes and quarters the shorts have made keeping the share price suppressed over the last year.

1.92-0.220(-10.28%)Jan 28 4:03 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Facebook, Inc.
NASDAQWed, Jan 28, 2015 4:00 PM EST
Nokia Corporation
NYSEWed, Jan 28, 2015 4:01 PM EST