5 Most Shorted Oil Stocks

3. Indonesia Energy Corporation Limited (NYSE:INDO)

Number of Hedge Fund Holders: 1
Float Shorted: 21.99%
Stock Price as of November 10: $6.59

Indonesia Energy Corporation Limited (NYSE:INDO) is an Indonesian oil and gas exploration and production business. In Q2 2022, one hedge fund was bullish on Indonesia Energy Corporation Limited (NYSE:INDO), down from three funds in the preceding quarter.

Indonesia Energy Corporation Limited (NYSE:INDO) stands third on the list of the 10 most shorted oil stocks. Millennium Management increased its holdings by 33% and is the most prominent shareholder in the company. The firm owned 24,659 Indonesia Energy Corporation Limited (NYSE:INDO)’s shares, valued at around $162,000.

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