Continental Resources, Inc. (NYSE:CLR) Sees Significant Growth in Short Interest
Continental Resources, Inc. (NYSE:CLR) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 4,940,000 shares, an increase of 8.6% from the September 15th total of 4,550,000 shares. Based on an average daily trading volume, of 3,210,000 shares, the days-to-cover ratio is currently 1.5 days. Approximately 5.9% of the shares of the company are sold short.
CLR has been the topic of several analyst reports. KeyCorp reduced their target price on Continental Resources from $47.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, October 15th. MKM Partners dropped their price objective on Continental Resources from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Thu ...