Will REX ENERGY CORP (NASDAQ:REXX) Run Out of Steam Soon? Short Interest Is Down

May 27, 2018 - By Migdalia James

Rex Energy Corporation (NASDAQ:REXX) Logo

The stock of REX ENERGY CORP (NASDAQ:REXX) registered a decrease of 50.87% in short interest. REXX’s total short interest was 536,700 shares in May as published by FINRA. Its down 50.87% from 1.09 million shares, reported previously. With 424,000 shares average volume, it will take short sellers 1 days to cover their REXX’s short positions. The short interest to REX ENERGY CORP’s float is 5.98%.

The stock increased 36.11% or $0.065 during the last trading session, reaching $0.245. About shares traded. Rex Energy Corporation (NASDAQ:REXX) has declined 81.08% since May 27, 2017 and is downtrending. It has underperformed by 92.63% the S&P500.

Rex Energy Corporation operates as an independent condensate, natural gas liquid , and natural gas firm in the Appalachian basin in the United States. The company has market cap of $2.62 million. It focuses on the Marcellus Shale, Utica Shale, and Burkett Shale drilling and exploration activities. It currently has negative earnings. As of December 31, 2016, the firm had estimated proved reserves of 647.8 billion cubic feet equivalent; and owned interests in approximately 559.0 condensate, NGL, and natural gas wells.

Rex Energy Corporation (NASDAQ:REXX) Ratings Coverage

Among 2 analysts covering Rex Energy (NASDAQ:REXX), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Rex Energy had 2 analyst reports since December 11, 2017 according to SRatingsIntel. The firm has “Hold” rating by RBC Capital Markets given on Thursday, April 5. Northland Capital maintained Rex Energy Corporation (NASDAQ:REXX) rating on Monday, December 11. Northland Capital has “Hold” rating and $2.0 target.

Rex Energy Corporation (NASDAQ:REXX) Ratings Chart

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