Torchlight Energy Resources Inc (NASDAQ:TRCH) Shorted Shares Decreased By 14.14%

October 13, 2018 - By Marguerite Chambers

Torchlight Energy Resources, Inc. (NASDAQ:TRCH) Logo

Investors sentiment decreased to 1.86 in Q2 2018. Its down 4.14, from 6 in 2018Q1. It turned negative, as 5 investors sold Torchlight Energy Resources, Inc. shares while 2 reduced holdings. 8 funds opened positions while 5 raised stakes. 5.83 million shares or 34.07% less from 8.84 million shares in 2018Q1 were reported.
Raymond James Financial Service Inc reported 0.01% of its portfolio in Torchlight Energy Resources, Inc. (NASDAQ:TRCH). United Services Automobile Association reported 0% stake. Lvm Cap Ltd Mi, a Michigan-based fund reported 10,000 shares. Invesco Ltd stated it has 15,437 shares or 0% of all its holdings. State Street Corp accumulated 15,300 shares or 0% of the stock. Ing Groep Nv reported 100,000 shares or 0% of all its holdings. 24,066 were accumulated by Citadel Advisors Limited Liability Company. Torch Wealth Mngmt Ltd Limited Liability Company reported 0.04% in Torchlight Energy Resources, Inc. (NASDAQ:TRCH). Blackrock holds 0% of its portfolio in Torchlight Energy Resources, Inc. (NASDAQ:TRCH) for 370,505 shares. Usca Ria Limited Liability Company reported 380,000 shares stake. Raymond James Assocs has invested 0% in Torchlight Energy Resources, Inc. (NASDAQ:TRCH). Syntal Capital Prtnrs Limited Com has invested 0.01% in Torchlight Energy Resources, Inc. (NASDAQ:TRCH). Financial Bank Of Mellon Corp stated it has 0% in Torchlight Energy Resources, Inc. (NASDAQ:TRCH). Fayez Sarofim Company invested in 356,000 shares or 0% of the stock. Geode Mngmt Ltd Co holds 0% or 339,206 shares in its portfolio.

Since August 24, 2018, it had 2 insider buys, and 0 insider sales for $22,521 activity.

The stock of Torchlight Energy Resources Inc (NASDAQ:TRCH) registered a decrease of 14.14% in short interest. TRCH’s total short interest was 2.67 million shares in October as published by FINRA. Its down 14.14% from 3.11 million shares, reported previously. With 95,700 shares average volume, it will take short sellers 28 days to cover their TRCH’s short positions. The short interest to Torchlight Energy Resources Inc’s float is 5.41%.

The stock increased 1.08% or $0.01 during the last trading session, reaching $0.94. About 238,587 shares traded or 15.16% up from the average. Torchlight Energy Resources, Inc. (NASDAQ:TRCH) has declined 22.76% since October 13, 2017 and is downtrending. It has underperformed by 38.38% the S&P500.

Torchlight Energy Resources, Inc. engages in the acquisition, exploration, exploitation, and/or development of oil and natural gas properties in the United States. The company has market cap of $65.86 million. As of December 31, 2016 it had interests in three gas and oil projects, including the Orogrande project in Hudspeth County, Texas; Hazel project in Sterling, Tom Green, and Irion Counties, Texas; and Hunton wells in partnership with Husky Ventures in Central Oklahoma. It currently has negative earnings.

Torchlight Energy Resources, Inc. (NASDAQ:TRCH) Institutional Positions Chart

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