RE: BTE short position $26.5 m sharesYup. There are still far more doubters than believers. This adds more fuel to the fire as they will eventually cave and start to believe in the current oil price and speculate on higher price. Then all these stocks will 2x-3x. BTE and MEG will see the most torque.
A 7 year oil bear has left its mark on investors. It will take higher sustained prices for them to come around.
PUNJABI wrote: A break-out over $2.00 will force some of the short sellers to cover. It is surprising that 26.3 million shares are still shorted when the stock would be a cash cow at current oil prices. The most likely premise of this short position would be that oil prices are not sustainable and would pull back.
Short Positions for BTE
T : BTE | 2021-05-15 | 26,325,710 | 5,813 | 564,110,922 | 4.67 |
T : BTE | 2021-04-30 | 26,319,897 | 1,066,984 | 564,110,922 | 4.67 |
T : BTE | 2021-04-15 | 25,252,913 | 370,092 | 564,110,922 | 4.48 |
T : BTE | 2021-03-31 | 24,882,821 | -1,684,598 | 564,110,922 | 4.41 |
T : BTE | 2021-03-15 | 26,567,419 | 898,707 | 561,227,367 | 4.73 |
T : BTE | 2021-02-28 | 25,668,712 | -102,715 | 561,227,367 | 4.57 |
T : BTE | 2021-02-15 | 25,771,427 | 5,187,857 | 561,227,367 | 4.59 |
T : BTE | 2021-01-31 | 20,583,570 | 5,488,985 | 561,227,367 | 3.67 |
T : BTE | 2021-01-15 | 15,094,585 | 560,382 | 561,162,632 | 2.69 |
T : BTE | 2020-12-31 | 14,534,203 | -2,666,384 | 561,162,632 | 2.59 |
T : BTE | 2020-12-15 | 17,200,587 | -897,437 | 561,162,632 | 3.07 |
T : BTE | 2020-11-30 | 18,098,024 | 517,758 | 561,162,632 | 3.23 |
T : BTE | 2020-11-15 | 17,580,266 | -816,037 | 561,162,632 | 3.13 |
T : BTE | 2020-10-31 | 18,396,303 | -1,367,948 | 561,162,632 | 3.28 |