Today’s 10 Most-Hated Stocks on the AMEX

Following is a list of the 10 most-shorted stocks on the AMEX as of May 31st:

  1. Northern Oil and Gas, Inc. (AMEX:NOG): This company had 23,510,020 shares sold short as of May 31st, 2011, as compared to 20,978,825, which represents a change of 2,531,195 shares, or 12.10%. Days to cover for this company is 6 and average daily trading volume is 3,912,520. 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. Competitors to Watch: Brigham Exploration Co. (NASDAQ:BEXP), Voyager Oil & Gas, Inc. (VOG), Oasis Petroleum Inc. (NYSE:OAS), Kodiak Oil & Gas Corp. (AMEX:KOG), GeoResources, Inc. (NASDAQ:GEOI), Encore Energy Partners LP (NYSE:ENP), Bill Barrett Corporation (NYSE:BBG), Gasco Energy, Inc. (AMEX:GSX), Delta Petroleum Corp. (NASDAQ:DPTR), Chevron (NYSE:CVX), Chesapeake (NYSE:CHK), ExxonMobil (NYSE:XOM) and BP plc (NYSE:BP).
  2. Kodiak Oil & Gas Corp (AMEX:KOG): This company had 20,731,344 shares sold short as of May 31st, 2011, as compared to 19,630,622, which represents a change of 1,100,722 shares, or 5.60%. Days to cover for this company is 5 and average daily trading volume is 3,906,535. About the company:  Kodiak Oil & Gas Corporation explores for oil and natural gas in the western United States.
  3. HyperDynamics Corporation (AMEX:HDY): This company had 16,600,143 shares sold short as of May 31st, 2011, as compared to 14,156,094, which represents a change of 2,444,049 shares, or 17.30%. Days to cover for this company is 7 and average daily trading volume is 2,282,516. About the company:  HyperDynamics Corp. is a Houston-based company whose operates include two wholly owned subsidiaries, SCS Corporation and HYD Resources, which are focused on oil and gas exploration.
  4. Great Basin Gold, Ltd. (AMEX:GBG): This company had 16,584,360 shares sold short as of May 31st, 2011, as compared to 17,100,808, which represents a change of -516,448 shares, or -3.00%. Days to cover for this company is 8 and average daily trading volume is 2,166,475. 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.
  5. Cheniere Energy, Inc. (AMEX:LNG): This company had 15,507,469 shares sold short as of May 31st, 2011, as compared to 14,909,509, which represents a change of 597,960 shares, or 4.00%. Days to cover for this company is 9 and average daily trading volume is 1,677,769. 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.
  6. Novagold Resources Inc (AMEX:NG): This company had 11,097,165 shares sold short as of May 31st, 2011, as compared to 11,292,765, which represents a change of -195,600 shares, or -1.70%. Days to cover for this company is 2 and average daily trading volume is 5,278,683. 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 (NYSE:GLD) properties, which may include copper, silver, and zinc resources. Are you investing in gold and silver right now?>>
  7. Rentech, Inc. (AMEX:RTK): This company had 10,550,533 shares sold short as of May 31st, 2011, as compared to 9,904,749, which represents a change of 645,784 shares, or 6.50%. Days to cover for this company is 6 and average daily trading volume is 1,768,381. 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, napthas, waxes, petrochemical feedstocks and synthetic lubricant base stock.  Rentech’s primary business is licensing this process.
  8. Northgate Minerals Ltd (AMEX:NXG): This company had 9,813,542 shares sold short as of May 31st, 2011, as compared to 9,734,549, which represents a change of 78,993 shares, or 0.80%. Days to cover for this company is 4 and average daily trading volume is 2,334,023. About the company:  Northgate Minerals Corporation is a gold and copper mining company.  The Company has mines in areas of Canada and Australia.
  9. North American Palladium, Ltd. (AMEX:PAL): This company had 9,320,724 shares sold short as of May 31st, 2011, as compared to 9,423,309, which represents a change of -102,585 shares, or -1.10%. Days to cover for this company is 2 and average daily trading volume is 4,711,985. 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.  It also owns the Sleeping Giant gold mine located in Quebec.
  10. Cel-Sci Corporation (AMEX:CVM): This company had 9,309,231 shares sold short as of May 31st, 2011, as compared to 9,373,493, which represents a change of -64,262 shares, or -0.70%. Days to cover for this company is 14 and average daily trading volume is 688,736. About the company:  Cel-Sci Corporation researches certain drugs and vaccines.  The Company’s Multikine is being tested to determine if it is effective in improving the immune response of cancer patients.  Cel-Sci is also developing other products.  The Company is currently targeting diseases such as AIDS, herpes simplex, malaria, tuberculosis, prostate cancer, and breast cancer.

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