Short Interest in Lucas Energy, Inc. (LEI) Rises By 57.3%
Lucas Energy, Inc. (NYSE:LEI) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 448,004 shares, a growth of 57.3% from the October 14th total of 284,732 shares. Currently, 15.1% of the company’s shares are sold short. Based on an average daily trading volume, of 1,204,530 shares, the days-to-cover ratio is currently 0.4 days.
Shares of Lucas Energy (NYSE:LEI) opened at 0.9331 on Friday. The stock’s 50 day moving average price is $1.95 and its 200-day moving average price is $3.27. The stock’s market cap is $1.62 million. Lucas Energy has a one year low of $0.84 and a one year high of $10.65.
Lucas Energy Company Profile
Lucas Energy, Inc (Lucas Energy) is an independent oil and natural gas company. The Company is engaged in the acquisition and development of crude oil and natural gas from various known productive geological formations, including the Austin Chalk and Eagle Ford formations, primarily in Gonzales, Wilson and Karnes Counties, south of the city of San Antonio, Texas.
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