5 Most Shorted Oil Stocks

4. Earthstone Energy, Inc. (NYSE:ESTE)

Number of Hedge Fund Holders: 15
Float Shorted: 21.94%
Stock Price as of November 10: $15.60

Earthstone Energy, Inc. (NYSE:ESTE) is an independent oil and gas company in the United States. The company began drilling 12 gross (12.0 net) wells and brought seven gross (6.3 net) wells online in the Midland Basin during the third quarter of 2022 for Company-operated operations. The debt-to-equity ratio of Earthstone Energy, Inc. (NYSE:ESTE) is 0.54, the quick ratio is 0.64, and the current ratio is 0.64.

The stock of Earthstone Energy, Inc. (NYSE:ESTE) has likewise increased in value; year to date, it has increased by 117.63%. Insider Monkey’s Q2 2022 survey of 895 hedge funds outlined that 15 had invested in the company. Out of these, Chuck Royce’s Royce & Associates is Earthstone Energy, Inc. (NYSE:ESTE)’s notable investor. The hedge fund owns 815,338 shares that are worth $10.05 million.

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