Is A Short Squeeze Ahead for Approach Resources (AREX)?
Many investors appear to be quite bearish on Approach Resources Inc. (AREX), especially if you look at the percentage of the float that is sold short for this stock. Currently, 21.4% of the float is sold short, suggesting an extreme level of bearishness for AREX.
However, it is worth noting that earnings estimates have actually been moving higher for the company, despite the pessimism. Thanks to these rising estimates, we have a Zacks Rank #2 (Buy) on AREX, so we clearly don’t believe in the negativity surrounding this firm, and are instead looking for shares of AREX to move higher in the weeks ahead.
APPROACH RESOURCES INC (AREX): Free Stock Analysis Report
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