Baytex Energy Corporation (NYSE:BTE) Sellers Covered 27.11% of Their Shorts

The stock of Baytex Energy Corporation (NYSE:BTE) registered a decrease of 27.11% in short interest. BTE’s total short interest was 9.93M shares in March as published by FINRA. Its down 27.11% from 13.63M shares, reported previously. With 3.57 million shares average volume, it will take short sellers 3 days to cover their BTE’s short positions. The short interest to Baytex Energy Corporation’s float is 4.79%. The stock is down 1.58% or $0.06 after the news, hitting $3.74 per share. About 1.80M shares traded hands. Baytex Energy Corp (USA) (NYSE:BTE) has declined 29.63% since August 19, 2015 and is downtrending. It has underperformed by 27.53% the S&P500.

Baytex Energy Corp. , through its subsidiaries, is engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (primarily in the provinces of Alberta and Saskatchewan) and in the United States (primarily in the state of Texas). The company has a market cap of $804.30 million. The Company’s natural gas and crude oil activities are organized into three business units: Central; Lloydminster; and United States. It currently has negative earnings. Each business unit has a portfolio of mineral leases, operated and non-operated properties and development prospects.

Out of 6 analysts covering Baytex Energy Trust (NYSE:BTE), 2 rate it “Buy”, 0 “Sell”, while 5 “Hold”. This means 29% are positive. Baytex Energy Trust was the topic in 19 analyst reports since July 21, 2015 according to StockzIntelligence Inc.

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