Advantage Oil & Gas Limited (NYSE:AAV) Shorts Decreased by 1.99% After Short Covering


The stock of Advantage Oil & Gas Limited (NYSE:AAV) registered a decrease of 1.99% in short interest. AAV’s total short interest was 786,200 shares in September as published by FINRA. Its down 1.99% from 802,200 shares, reported previously. With 107,800 shares average volume, it will take short sellers 7 days to cover their AAV’s short positions. The short interest to Advantage Oil & Gas Limited’s float is 0.43%. About 23,107 shares traded hands. Advantage Oil & Gas Ltd (USA) (NYSE:AAV) has risen 21.62% since February 8, 2016 and is uptrending. It has outperformed by 5.13% the S&P500.

Advantage Oil & Gas Ltd. is an intermediate natural gas and liquids development and production company. The company has a market cap of $1.25 billion. The Firm is engaged in the business of natural gas exploitation, development, acquisition and production in the Province of Alberta. It has a 253.74 P/E ratio. It operates in the Montney resource play located in Western Canada.

Out of 4 analysts covering Advantage Oil & Gas Ltd. (NYSE:AAV), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. $11 is the highest target while $8.50 is the lowest. The $10.13 average target is 49.19% above today’s ($6.79) stock price. Advantage Oil & Gas Ltd. has been the topic of 6 analyst reports since September 23, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock on August 8 with “Outperform” rating. TD Securities maintained the shares of AAV in a report on July 21 with “Buy” rating.

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