Most-Shorted AMEX Stocks in October

Wall St. Watchdog reveals a list of the 10 most-shorted stocks on the AMEX as of Oct 14th. Data are sourced from here.

  1. Northern Oil and Gas, Inc. Com (AMEX:NOG): This equity had 19,846,547 shares sold short as of Oct 14th, as compared to 21,486,949 on Sep 30th, which represents a change of -1,640,402 shares, or -7.6%. Days to cover for this company is 16 and average daily trading volume is 1,216,488. 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 16,147,498 shares sold short as of Oct 14th, as compared to 17,410,043 on Sep 30th, which represents a change of -1,262,545 shares, or -7.3%. Days to cover for this company is 6 and average daily trading volume is 2,562,924. 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. Golden Star Resources, Ltd Com (AMEX:GSS): This equity had 13,483,203 shares sold short as of Oct 14th, as compared to 13,099,985 on Sep 30th, which represents a change of 383,218 shares, or 2.9%. Days to cover for this company is 4 and average daily trading volume is 3,260,967. 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.
  4. Great Basin Gold, Ltd. Common (AMEX:GBG): This equity had 12,755,670 shares sold short as of Oct 14th, as compared to 13,364,661 on Sep 30th, which represents a change of -608,991 shares, or -4.6%. Days to cover for this company is 5 and average daily trading volume is 2,665,839. 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.
  5. Novagold Resources Inc New Ord (AMEX:NG): This equity had 12,737,367 shares sold short as of Oct 14th, as compared to 12,447,437 on Sep 30th, which represents a change of 289,930 shares, or 2.3%. Days to cover for this company is 5 and average daily trading volume is 2,330,857. 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 11,304,044 shares sold short as of Oct 14th, as compared to 11,644,121 on Sep 30th, which represents a change of -340,077 shares, or -2.9%. Days to cover for this company is 29 and average daily trading volume is 389,576.
  7. Northgate Minerals Ltd Common (AMEX:NXG): This equity had 11,266,412 shares sold short as of Oct 14th, as compared to 9,392,437 on Sep 30th, which represents a change of 1,873,975 shares, or 20.0%. Days to cover for this company is 3 and average daily trading volume is 3,271,322. About the equity: Northgate Minerals Corporation is a gold and copper mining company. The Company has mines in areas of Canada and Australia.
  8. Rentech, Inc. Common Stock (AMEX:RTK): This equity had 11,096,106 shares sold short as of Oct 14th, as compared to 11,289,986 on Sep 30th, which represents a change of -193,880 shares, or -1.7%. Days to cover for this company is 7 and average daily trading volume is 1,538,650. 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. VirnetX Holding Corp Common St (AMEX:VHC): This equity had 10,978,491 shares sold short as of Oct 14th, as compared to 11,887,722 on Sep 30th, which represents a change of -909,231 shares, or -7.6%. Days to cover for this company is 7 and average daily trading volume is 1,581,190. About the equity: Virnetx Holding Corporation is developing and commercializing software and technology solutions for securing real-time communications over the Internet.
  10. Paramount Gold and Silver Corp (AMEX:PZG): This equity had 10,704,106 shares sold short as of Oct 14th, as compared to 10,202,123 on Sep 30th, which represents a change of 501,983 shares, or 4.9%. Days to cover for this company is 9 and average daily trading volume is 1,154,196. About the equity: Paramount Gold and Silver Corporation explores for precious metals in Mexico.

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