What Next for BONAVISTA ENERGY (OTCMKTS:BNPUF) Stock After Increase in Shorted Shares?

January 13, 2018 - By Maria Brooks

The stock of BONAVISTA ENERGY (OTCMKTS:BNPUF) registered an increase of 2.16% in short interest. BNPUF’s total short interest was 1.72M shares in January as published by FINRA. Its up 2.16% from 1.68M shares, reported previously. With 13,700 shares average volume, it will take short sellers 126 days to cover their BNPUF’s short positions.

The stock increased 0.71% or $0.0108 during the last trading session, reaching $1.5358. About 5,500 shares traded or 34.21% up from the average. Bonavista Energy Corporation (OTCMKTS:BNPUF) has 0.00% since January 13, 2017 and is . It has underperformed by 16.70% the S&P500.

Bonavista Energy Corporation engages in the acquisition, exploration, development, and production of oil and natural gas assets in Western Canada. The company has market cap of $386.20 million. As of December 31, 2016, its proved reserves totaled 273.2 million barrels of oil equivalent; and proved plus probable reserves were 414.2 million barrels of oil equivalent. It has a 4.25 P/E ratio.

Bonavista Energy Corporation (OTCMKTS:BNPUF) Ratings Coverage

Among 2 analysts covering Bonavista Energy (OTCMKTS:BNPUF), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Bonavista Energy had 2 analyst reports since January 14, 2016 according to SRatingsIntel. The rating was maintained by Barclays Capital on Wednesday, September 7 with “Equal Weight”. BMO Capital Markets initiated Bonavista Energy Corporation (OTCMKTS:BNPUF) rating on Thursday, January 14. BMO Capital Markets has “Market Perform” rating and $1.75 target.

Another recent and important Bonavista Energy Corporation (OTCMKTS:BNPUF) news was published by Seekingalpha.com which published an article titled: “Is There Any Value Left In Bonavista Energy?” on May 03, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.