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Abraxas Petroleum Corp. Message Board

  • dubmaccrimmon dubmaccrimmon Apr 22, 2013 10:26 AM Flag

    SIDOTI INITIATES COVERAGE FOR UPCOMING YEAR AT NEUTRAL

    ....which means after paying the AXAS financials a visit, they don't seem impressed. GLTA holders.

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    • So true. Analysts for the most part remain negative on AXAS but for some reason it is not being reflected in the short interest percentage. The short interest is holding between 9% and 10%. One would think it should be twice that around 20% or more. Because I averaged down last year when AXAS fell into the $1 - $2.00 range I could get out with a small profit on the next uptick into the $2.20's and then because of the negativity around the stock play the short side. However, I'm still nervous AXAS will show a good quarter soon and with NAT GAS prices up could pull off a decent bid on the assets they are selling. A tough call here to be a short or a long. JMO

 
AXAS
1.88-0.16(-7.84%)Jul 31 4:00 PMEDT