Ring Energy Inc REI

Ring Energy's Perfect Storm Could Put Shorts Underwater

[ditchdigger251]

I read somewhere that 25% of REI's stock (99.64 million shares outstanding) is in a Short Position.  Seeing the huge jump in WTI one has to wonder how much of a possibility of a short squeeze could be.  How would Shorts cover so much stock with such a small float?  Further in the past day or two 3 REI Insiders increased their positions.  They own over 1 million REI sh between them now.  There's a 3.3 million share Call @ $3.50 for March 18th.  The Annual Report should be out by then.  There's multiple commenters on other sites expecting a big move up in value even without WTI heading towards $100 territory.  Some commenters think REI should already be trading in the $5.50 to $6.50 range.  REI is already ahead of schedule this year with 2 Hz's drilled and being completed so they're agressively taking advantage of the high oil prices.  It could be very interesting times Indeed.  I'm not saying REI has GameStop potential but I'll be very surprised if what's going on doesn't spook more than a few traders into covering.