Abraxas Petroleum (AXAS) Reaches $2.14 Formed H&S; Magnegas Corporationcok (MNGA) Sellers Increased By 166.21% Their Shorts

March 17, 2018 - By rebbecca

Magnegas Corporationcok (NASDAQ:MNGA) had an increase of 166.21% in short interest. MNGA’s SI was 193,000 shares in March as released by FINRA. Its up 166.21% from 72,500 shares previously. With 642,600 avg volume, 0 days are for Magnegas Corporationcok (NASDAQ:MNGA)’s short sellers to cover MNGA’s short positions. The SI to Magnegas Corporationcok’s float is 17.59%. The stock increased 4.21% or $0.04 during the last trading session, reaching $0.99. About 1.85M shares traded or 48.78% up from the average. MagneGas Corporation (NASDAQ:MNGA) has declined 77.22% since March 17, 2017 and is downtrending. It has underperformed by 93.92% the S&P500.

Abraxas Petroleum Corporation (AXAS) formed H&S with $1.99 target or 7.00% below today’s $2.14 share price. Abraxas Petroleum Corporation (AXAS) has $351.82M valuation. The stock decreased 2.73% or $0.06 during the last trading session, reaching $2.14. About 1.73 million shares traded or 44.25% up from the average. Abraxas Petroleum Corporation (NASDAQ:AXAS) has risen 39.85% since March 17, 2017 and is uptrending. It has outperformed by 23.15% the S&P500.

Investors sentiment decreased to 1.25 in 2017 Q3. Its down 0.45, from 1.7 in 2017Q2. It dropped, as 16 investors sold Abraxas Petroleum Corporation shares while 24 reduced holdings. 26 funds opened positions while 42 raised stakes. 71.85 million shares or 5.72% more from 67.97 million shares in 2017Q2 were reported. Geode Capital Mgmt Limited Liability Corporation owns 1.30M shares. Millennium Mngmt Ltd Liability Corporation holds 0.01% of its portfolio in Abraxas Petroleum Corporation (NASDAQ:AXAS) for 2.28 million shares. New York State Common Retirement Fund holds 126,600 shares or 0% of its portfolio. Aqr Cap Management Lc reported 0.01% stake. Clarivest Asset Limited Liability invested 0.06% in Abraxas Petroleum Corporation (NASDAQ:AXAS). Art Llc reported 90,508 shares. Natixis holds 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS) or 18,792 shares. Pnc Svcs Gp holds 0% or 744 shares. Raymond James Fincl Advisors owns 67,101 shares. Aperio Grp Ltd Liability Company has invested 0% of its portfolio in Abraxas Petroleum Corporation (NASDAQ:AXAS). Ameritas Inv Prns owns 12,335 shares for 0% of their portfolio. Wells Fargo & Commerce Mn reported 370,662 shares. Tudor Inv Corporation Et Al holds 0% or 21,091 shares in its portfolio. California State Teachers Retirement invested 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS). Morgan Stanley stated it has 374,289 shares or 0% of all its holdings.

Among 11 analysts covering Abraxas Petroleum (NASDAQ:AXAS), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Abraxas Petroleum has $4 highest and $1 lowest target. $2.70’s average target is 26.17% above currents $2.14 stock price. Abraxas Petroleum had 36 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Canaccord Genuity on Friday, August 7 with “Buy”. The stock of Abraxas Petroleum Corporation (NASDAQ:AXAS) earned “Buy” rating by Stifel Nicolaus on Wednesday, January 31. Stifel Nicolaus maintained Abraxas Petroleum Corporation (NASDAQ:AXAS) on Friday, September 1 with “Buy” rating. Stifel Nicolaus maintained the shares of AXAS in report on Monday, January 29 with “Buy” rating. Stifel Nicolaus maintained it with “Buy” rating and $2.2 target in Thursday, October 5 report. On Tuesday, March 13 the stock rating was maintained by Canaccord Genuity with “Buy”. The company was maintained on Sunday, February 4 by Canaccord Genuity. On Monday, October 23 the stock rating was maintained by Canaccord Genuity with “Buy”. Imperial Capital maintained the stock with “In-Line” rating in Friday, September 11 report. The stock of Abraxas Petroleum Corporation (NASDAQ:AXAS) earned “Buy” rating by Robert W. Baird on Tuesday, December 19.