Lilis Energy Inc (NYSEAMERICAN:LLEX) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 3,519,400 shares, a decline of 0.2% from the November 30th total of 3,527,981 shares. Based on an average daily volume of 249,989 shares, the short-interest ratio is currently 14.1 days. Approximately 11.7% of the company’s shares are short sold.

Shares of Lilis Energy (NYSEAMERICAN:LLEX) opened at $5.28 on Friday. Lilis Energy has a 1 year low of $2.90 and a 1 year high of $5.69. The firm has a market capitalization of $261.17, a P/E ratio of -2.43 and a beta of -1.38.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Lilis Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Seaport Global Securities reiterated a “buy” rating and issued a $8.00 price objective (up from $6.75) on shares of Lilis Energy in a research report on Wednesday, October 4th. Capital One Financial assumed coverage on Lilis Energy in a research report on Thursday, October 5th. They issued an “overweight” rating and a $7.00 price objective on the stock. Stephens assumed coverage on Lilis Energy in a research report on Friday, September 29th. They issued an “overweight” rating and a $6.00 price objective on the stock. Finally, Williams Capital assumed coverage on Lilis Energy in a research report on Tuesday, September 26th. They issued a “buy” rating and a $7.00 price objective on the stock. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $6.71.

In other Lilis Energy news, major shareholder Fund Vertex sold 10,720 shares of Lilis Energy stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $5.01, for a total value of $53,707.20. Following the transaction, the insider now directly owns 6,962,640 shares of the company’s stock, valued at approximately $34,882,826.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

A hedge fund recently raised its stake in Lilis Energy stock. Wolverine Trading LLC lifted its position in shares of Lilis Energy Inc (NYSEAMERICAN:LLEX) by 411.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,188 shares of the company’s stock after purchasing an additional 49,214 shares during the quarter. Wolverine Trading LLC owned about 0.12% of Lilis Energy worth $274,000 as of its most recent filing with the Securities & Exchange Commission.

ILLEGAL ACTIVITY WARNING: This article was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this article on another domain, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this article can be read at https://www.watchlistnews.com/lilis-energy-inc-llex-short-interest-down-0-2-in-december/1786739.html.

About Lilis Energy

Lilis Energy, Inc is an upstream independent oil and gas company. The Company is engaged in the acquisition, drilling and production of oil and natural gas properties and prospects. The Company drills for, operates and produces oil and natural gas wells through its land holdings located in Wyoming, Colorado, and Nebraska.

Receive News & Ratings for Lilis Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lilis Energy and related companies with Analyst Ratings Network's FREE daily email newsletter.