These guys have alot of shares to cover having increased their position. Somebody is going to create a short squeeze soon!! Nuttall you listening!!
Baytex Energy Corp. (OTCMKTS:BTEGF – Get Rating) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 7,840,700 shares, an increase of 38.1% from the February 13th total of 5,675,700 shares. Based on an average trading volume of 1,331,900 shares, the days-to-cover ratio is presently 5.9 days.
Shares of OTCMKTS:BTEGF opened at $4.75 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a market capitalization of $2.68 billion, a PE ratio of 7.09 and a beta of 2.75. The firm’s 50-day moving average is $3.88 and its two-hundred day moving average is $3.19. Baytex Energy has a 1 year low of $0.97 and a 1 year high of $5.15.