5 Most Shorted Oil Stocks

In this piece, we will take a look at Oil to $125: 5 most shorted oil stocks. If you want to look at more stocks, head over to Oil to $125: 10 most Shorted Oil Stocks.

5. Comstock Resources, Inc. (NYSE:CRK)

Number of Hedge Fund Holders: 25
Float Shorted: 19.80%
Stock Price as of November 10: $18.47

Comstock Resources, Inc. (NYSE:CRK) is a company that acquires, develops, and explores oil and natural gas. Comstock Resources, Inc. (NYSE:CRK) is the fifth most shorted oil stock, with a float short of 19.80%.

The shares of Comstock Resources, Inc. (NYSE:CRK) have shown an impressive performance over the last 12 months, gaining 101.53% in value. On September 21, Citi analyst Paul Diamond retained a ‘Buy’ rating on Comstock Resources and increased his price objective to $24 from $17. In order to account for Citi’s revised commodities deck and the better operational outlook through 2023, the analyst modified his small-cap pure-play natural gas exploration and production models.

In the second quarter, 25 hedge funds monitored by Insider Monkey were bullish on Comstock Resources, Inc. (NYSE:CRK). The stakes of these funds are valued at $144.06 million. Out of these, GRT Capital Partners is Comstock Resources, Inc. (NYSE:CRK)’s prominent investor. It owns 42,700 shares that are worth $738,000.