The 10 Most-Shorted AMEX Stocks to Watch from Mid-August

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

  1. Northern Oil and Gas, Inc. Com (AMEX:NOG): This company had 23,479,470 shares sold short as of Aug 15th, as compared to 24,547,894 on Jul 29th, which represents a change of -1,068,424 shares, or -4.4%. Days to cover for this company is 11 and average daily trading volume is 2,114,787. About the company: 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 company had 17,455,159 shares sold short as of Aug 15th, as compared to 16,325,037 on Jul 29th, which represents a change of 1,130,122 shares, or 6.9%. Days to cover for this company is 4 and average daily trading volume is 4,686,450. About the company: 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 company had 13,107,877 shares sold short as of Aug 15th, as compared to 13,599,607 on Jul 29th, which represents a change of -491,730 shares, or -3.6%. Days to cover for this company is 3 and average daily trading volume is 4,222,506. About the company: 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. Northgate Minerals Ltd Common (AMEX:NXG): This company had 12,721,260 shares sold short as of Aug 15th, as compared to 12,410,955 on Jul 29th, which represents a change of 310,305 shares, or 2.5%. Days to cover for this company is 4 and average daily trading volume is 3,380,256. About the company: Northgate Minerals Corporation is a gold and copper mining company. The Company has mines in areas of Canada and Australia.
  5. Opko Health Inc. Common Stock (AMEX:OPK): This company had 12,035,468 shares sold short as of Aug 15th, as compared to 10,589,583 on Jul 29th, which represents a change of 1,445,885 shares, or 13.7%. Days to cover for this company is 10 and average daily trading volume is 1,262,674. About the company: Opko Health, Inc. is a specialty pharmaceutical company that researches and develops pharmaceuticals. The Company researches treatments for macular degeneration and other ophthalmic diseases.
  6. Neoprobe Corporation Common St (AMEX:NEOP): This company had 11,847,479 shares sold short as of Aug 15th, as compared to 11,144,121 on Jul 29th, which represents a change of 703,358 shares, or 6.3%. Days to cover for this company is 10 and average daily trading volume is 1,167,362.
  7. North American Palladium, Ltd. (AMEX:PAL): This company had 11,554,621 shares sold short as of Aug 15th, as compared to 10,405,017 on Jul 29th, which represents a change of 1,149,604 shares, or 11.0%. Days to cover for this company is 3 and average daily trading volume is 3,917,339. About the company: North American Palladium Ltd. is a mineral exploration and production company. The Company is focused on growing its production of palladium and gold in mining-friendly jurisdictions throughout Canada. North American Palladium’s flagship mine is the Lac des Iles mine located northwest of Thunder Bay, Ontario and also owns the Sleeping Giant gold mine located in Quebec.
  8. Novagold Resources Inc New Ord (AMEX:NG): This company had 11,493,664 shares sold short as of Aug 15th, as compared to 10,306,012 on Jul 29th, which represents a change of 1,187,652 shares, or 11.5%. Days to cover for this company is 3 and average daily trading volume is 3,651,687. About the company: 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.
  9. Rentech, Inc. Common Stock (AMEX:RTK): This company had 10,826,199 shares sold short as of Aug 15th, as compared to 10,981,223 on Jul 29th, which represents a change of -155,024 shares, or -1.4%. Days to cover for this company is 7 and average daily trading volume is 1,616,469. About the company: 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.
  10. VirnetX Holding Corp Common St (AMEX:VHC): This company had 9,939,110 shares sold short as of Aug 15th, as compared to 8,733,207 on Jul 29th, which represents a change of 1,205,903 shares, or 13.8%. Days to cover for this company is 3 and average daily trading volume is 2,973,818. About the company: Virnetx Holding Corporation is developing and commercializing software and technology solutions for securing real-time communications over the Internet.