Heavily Shorted Stocks on the AMEX to Watch

Wall St. Watchdog reveals a list of the 10 most-shorted stocks on the AMEX as of Sep 15th:

  1. Northern Oil and Gas, Inc. Com (AMEX:NOG): This equity had 22,671,185 shares sold short as of Sep 15th, as compared to 22,650,533 on Aug 31st, which represents a change of 20,652 shares, or 0.1%. Days to cover for this company is 22 and average daily trading volume is 1,023,528. About the equity: Northern Oil and Gas, Inc. is an oil and gas exploration and production company. The Company is currently focused on the Rocky Mountain regions of the United States.
  2. Cheniere Energy, Inc. Common S (AMEX:LNG): This equity had 17,246,662 shares sold short as of Sep 15th, as compared to 17,639,784 on Aug 31st, which represents a change of -393,122 shares, or -2.2%. Days to cover for this company is 7 and average daily trading volume is 2,393,980. About the equity: Cheniere Energy, Inc., through subsidiaries, develops liquefied natural gas terminals, and explores for oil and natural gas. The Company explores for oil and gas in the Gulf of Mexico.
  3. Great Basin Gold, Ltd. Common (AMEX:GBG): This equity had 13,771,148 shares sold short as of Sep 15th, as compared to 13,465,632 on Aug 31st, which represents a change of 305,516 shares, or 2.3%. Days to cover for this company is 6 and average daily trading volume is 2,355,531. About the equity: Great Basin Gold Limited explores and develops gold properties. The Company prospects for gold in the Witwatersrand Basin in South Africa and the Carlin Trend in Nevada.
  4. Golden Star Resources, Ltd Com (AMEX:GSS): This equity had 13,105,525 shares sold short as of Sep 15th, as compared to 10,766,183 on Aug 31st, which represents a change of 2,339,342 shares, or 21.7%. Days to cover for this company is 3 and average daily trading volume is 3,836,878. About the equity: Golden Star Resources Ltd. is a mid-tier gold mining company. The Company’s operating mines are situated along the Ashanti Gold Belt in Ghana, West Africa.
  5. Novagold Resources Inc New Ord (AMEX:NG): This equity had 12,457,834 shares sold short as of Sep 15th, as compared to 11,425,010 on Aug 31st, which represents a change of 1,032,824 shares, or 9.0%. Days to cover for this company is 2 and average daily trading volume is 5,074,651. About the equity: NovaGold Resources Inc. is a mineral exploration company. The Company, through its subsidiaries, explores and develops mineral properties in North America. NovaGold primarily focuses on gold properties, which may include copper, silver and zinc resources.
  6. Neoprobe Corporation Common St (AMEX:NEOP): This equity had 11,968,945 shares sold short as of Sep 15th, as compared to 12,374,458 on Aug 31st, which represents a change of -405,513 shares, or -3.3%. Days to cover for this company is 20 and average daily trading volume is 584,000.
  7. VirnetX Holding Corp Common St (AMEX:VHC): This equity had 11,721,471 shares sold short as of Sep 15th, as compared to 11,206,922 on Aug 31st, which represents a change of 514,549 shares, or 4.6%. Days to cover for this company is 11 and average daily trading volume is 1,025,856. About the equity: Virnetx Holding Corporation is developing and commercializing software and technology solutions for securing real-time communications over the Internet.
  8. Rentech, Inc. Common Stock (AMEX:RTK): This equity had 11,028,697 shares sold short as of Sep 15th, as compared to 10,218,390 on Aug 31st, which represents a change of 810,307 shares, or 7.9%. Days to cover for this company is 11 and average daily trading volume is 969,766. About the equity: Rentech, Inc. develops and licenses a proprietary and patented process for the conversion of carbon-bearing gases, liquids, and solids into liquid hydrocarbon products. These products include clean burning diesel fuel, naphthas, waxes, petrochemical feedstocks and synthetic lubricant base stock. Rentech’s primary business is licensing this process.
  9. Northgate Minerals Ltd Common (AMEX:NXG): This equity had 10,963,693 shares sold short as of Sep 15th, as compared to 11,186,665 on Aug 31st, which represents a change of -222,972 shares, or -2.0%. Days to cover for this company is 2 and average daily trading volume is 6,061,701. About the equity: Northgate Minerals Corporation is a gold and copper mining company. The Company has mines in areas of Canada and Australia.
  10. Vantage Drilling Company (AMEX:VTG): This equity had 10,173,166 shares sold short as of Sep 15th, as compared to 10,232,975 on Aug 31st, which represents a change of -59,809 shares, or -0.6%. Days to cover for this company is 3 and average daily trading volume is 3,037,805. About the equity: Vantage Drilling Company offers offshore oil and natural gas well drilling services.
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