HighPoint Resources Corporation (OTCMKTS:XOGAQ) Sees Significant Decline in Short Interest
HighPoint Resources Corporation (OTCMKTS:XOGAQ) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 3,477,800 shares, a decline of 25.7% from the September 15th total of 4,679,500 shares. Based on an average daily volume of 702,100 shares, the days-to-cover ratio is presently 5.0 days.
Several equities analysts have issued reports on the company. Zacks Investment Research upgraded HighPoint Resources from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. ValuEngine upgraded HighPoint Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, August 26th.
XOGAQ stock opened at $0.05 on Friday. The company has a market capitalization of $6.23 million, a P/E ratio of 0.00 and a beta of 2.04. HighPoint Resources has a twelve month low of $0.04 and a twelve month high of $2.59. The company has a current ratio of 0.44, a quick ratio of 0.38 and a debt-to-equity ratio of 6.47. The business’s fifty day moving average price is $0.06.
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