California Resources Corporation (NYSE:CRC) Can’t Be More Risky. Short Interest Increased

September 17, 2017 - By Jacob Falcon

 California Resources Corporation (NYSE:CRC) Can't Be More Risky. Short Interest Increased

Investors sentiment decreased to 0 in Q4 2016. Its down 0.12, from 0.12 in 2016Q3. It worsened, as 1 investors sold California Resources Corp shares while 3 reduced holdings. 0 funds opened positions while 0 raised stakes. 197,290 shares or 0.10% less from 197,493 shares in 2016Q3 were reported.
Adams Asset Ltd Liability Co reported 0.55% in California Resources Corp (NYSE:CRC). Messner & Smith Theme Value Investment Mngmt Limited Ca has 2 shares for 0% of their portfolio. Vantage Investment Advisors Limited holds 0% in California Resources Corp (NYSE:CRC) or 22 shares. West Oak Cap Ltd Liability Com holds 106 shares. Moreover, Gemmer Asset Ltd Liability has 0% invested in California Resources Corp (NYSE:CRC). Lenox Wealth has invested 0% in California Resources Corp (NYSE:CRC). Mercer Cap Advisers accumulated 102 shares. Cypress Cap Mngmt (Wy) reported 0% stake. Burt Wealth holds 0% of its portfolio in California Resources Corp (NYSE:CRC) for 3 shares. America First Invest Ltd Liability Corporation reported 8 shares stake. Amer Rech And Mgmt holds 0% of its portfolio in California Resources Corp (NYSE:CRC) for 11 shares.

The stock of California Resources Corporation (NYSE:CRC) registered an increase of 4.54% in short interest. CRC’s total short interest was 17.41 million shares in September as published by FINRA. Its up 4.54% from 16.66 million shares, reported previously. With 1.19 million shares average volume, it will take short sellers 15 days to cover their CRC’s short positions. The short interest to California Resources Corporation’s float is 45.29%.

The stock increased 1.07% or $0.09 on September 15, reaching $8.51. About 2.59M shares traded or 85.00% up from the average. California Resources Corp (NYSE:CRC) has declined 15.53% since September 17, 2016 and is downtrending. It has underperformed by 32.23% the S&P500.

California Resources Corporation is an independent oil and natural gas exploration and production company, with operating properties within the State of California. The company has market cap of $364.00 million. The Firm produced approximately 140 thousand barrels of oil equivalent per day , as of December 31, 2016. It has a 0.76 P/E ratio. As of December 31, 2016, the Company had net proved reserves of 568 million barrels of oil equivalent (MMBoe).

California Resources Corp (NYSE:CRC) Ratings Coverage

Among 6 analysts covering California Resources Corporation (NYSE:CRC), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. California Resources Corporation had 12 analyst reports since August 24, 2015 according to SRatingsIntel. The company was downgraded on Wednesday, March 2 by Societe Generale. The firm earned “Buy” rating on Monday, November 23 by Ladenburg Thalmann. The company was maintained on Tuesday, January 26 by Susquehanna. Morgan Stanley upgraded the shares of CRC in report on Tuesday, November 22 to “Equal-Weight” rating. The stock of California Resources Corp (NYSE:CRC) earned “Neutral” rating by Susquehanna on Friday, October 30. The rating was initiated by Johnson Rice with “Accumulate” on Friday, September 25. The firm has “Underperform” rating by Bank of America given on Friday, June 30. The stock of California Resources Corp (NYSE:CRC) earned “Neutral” rating by Bank of America on Tuesday, February 23.

Another recent and important California Resources Corp (NYSE:CRC) news was published by Seekingalpha.com which published an article titled: “We Bought More California Resources – Here’s Why” on August 24, 2017.

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