Is Buying Torchlight Energy Resources Inc (NASDAQ:TRCH), Having Lower Short Interest a Winning Strategy?

March 14, 2018 - By Michael Collier

 Is Buying Torchlight Energy Resources Inc (NASDAQ:TRCH), Having Lower Short Interest a Winning Strategy?

Investors sentiment increased to 5 in Q3 2017. Its up 3.40, from 1.6 in 2017Q2. It improved, as 1 investors sold Torchlight Energy Resources, Inc. shares while 1 reduced holdings. 4 funds opened positions while 6 raised stakes. 8.75 million shares or 106.32% more from 4.24 million shares in 2017Q2 were reported.
The Texas-based Syntal Cap Prns Lc has invested 0.01% in Torchlight Energy Resources, Inc. (NASDAQ:TRCH). Biltmore Wealth Mgmt Ltd Llc has 0.09% invested in Torchlight Energy Resources, Inc. (NASDAQ:TRCH) for 69,444 shares. Blackrock accumulated 331,341 shares or 0% of the stock. Lvm Capital Mngmt Limited Mi holds 0% of its portfolio in Torchlight Energy Resources, Inc. (NASDAQ:TRCH) for 10,000 shares. Morgan Stanley accumulated 101 shares or 0% of the stock. Hightower Ltd Liability stated it has 0% in Torchlight Energy Resources, Inc. (NASDAQ:TRCH). Raymond James And Associates owns 0% invested in Torchlight Energy Resources, Inc. (NASDAQ:TRCH) for 25,000 shares. Financial Bank Of America Corporation De, North Carolina-based fund reported 13,750 shares. Vanguard Grp holds 0% in Torchlight Energy Resources, Inc. (NASDAQ:TRCH) or 1.27M shares. 780,787 are held by Raymond James Ser Advsr. Amg National Trust State Bank accumulated 0.11% or 1.31 million shares. 77,500 were reported by Perkins Cap Mgmt. Virtu Fincl Ltd Limited Liability Company owns 15,965 shares. Geode Cap Mgmt Ltd, a Massachusetts-based fund reported 275,806 shares. Commercial Bank Of New York Mellon invested in 17,874 shares.

The stock of Torchlight Energy Resources Inc (NASDAQ:TRCH) registered a decrease of 3.28% in short interest. TRCH’s total short interest was 1.36M shares in March as published by FINRA. Its down 3.28% from 1.41 million shares, reported previously. With 156,100 shares average volume, it will take short sellers 9 days to cover their TRCH’s short positions. The short interest to Torchlight Energy Resources Inc’s float is 3.35%.

The stock decreased 3.55% or $0.05 during the last trading session, reaching $1.33. About 262,218 shares traded or 34.50% up from the average. Torchlight Energy Resources, Inc. (NASDAQ:TRCH) has risen 107.35% since March 14, 2017 and is uptrending. It has outperformed by 90.65% the S&P500.

Torchlight Energy Resources, Inc. engages in the acquisition, exploration, exploitation, and/or development of oil and natural gas properties in the United States. The company has market cap of $80.08 million. As of December 31, 2016 it had interests in three gas and oil projects, including the Orogrande project in Hudspeth County, Texas; Hazel project in Sterling, Tom Green, and Irion Counties, Texas; and Hunton wells in partnership with Husky Ventures in Central Oklahoma. It currently has negative earnings.

More notable recent Torchlight Energy Resources, Inc. (NASDAQ:TRCH) news were published by: which released: “Torchlight Energy Resources: 6 Reasons This Former Pole-Dancing Company Is …” on September 25, 2015, also with their article: “Torchlight Energy to Participate at the 30th Annual ROTH Conference” published on March 08, 2018, published: “Torchlight Energy to Participate at the Noble Financial 14th Annual Investor …” on January 25, 2018. More interesting news about Torchlight Energy Resources, Inc. (NASDAQ:TRCH) were released by: and their article: “Torchlight Energy: Third-Party Analysis Of Schlumberger Testing Data Confirms …” published on August 09, 2016 as well as‘s news article titled: “Torchlight Energy Provides Operational Update” with publication date: December 12, 2017.

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