Advantage Oil & Gas Ltd (AAV) Sees Significant Drop in Short Interest

Advantage Oil & Gas Ltd (NYSE:AAV) (TSE:AAV) saw a significant drop in short interest in November. As of November 15th, there was short interest totalling 305,331 shares, a drop of 86.4% from the October 31st total of 2,251,968 shares. Based on an average trading volume of 135,914 shares, the short-interest ratio is presently 2.2 days. Currently, 0.2% of the company’s stock are short sold.

Several hedge funds have recently modified their holdings of AAV. Janney Montgomery Scott LLC increased its stake in Advantage Oil & Gas by 80.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 72,940 shares of the oil and gas company’s stock worth $460,000 after buying an additional 32,500 shares during the period. Jane Street Group LLC purchased a new stake in shares of Advantage Oil & Gas in the 3rd quarter valued at approximately $445,000. Magnetar Financial LLC purchased a new position in shares of Advantage Oil & Gas in the 3rd quarter valued at $840,000. Mackenzie Financial Corp grew its position in shares of Advantage Oil & Gas by 1.9% in the 3rd quarter. Mackenzie Financial Corp now owns 9,918,536 shares of the oil and gas company’s stock valued at $62,487,000 after buying an additional 182,552 shares during the last quarter. Finally, Citadel Advisors LLC grew its position in shares of Advantage Oil & Gas by 242.5% in the 3rd quarter. Citadel Advisors LLC now owns 55,470 shares of the oil and gas company’s stock valued at $349,000 after buying an additional 39,273 shares during the last quarter. Hedge funds and other institutional investors own 54.82% of the company’s stock.

Advantage Oil & Gas (NYSE:AAV) opened at $4.75 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.12. The firm has a market cap of $883.32, a PE ratio of 29.69 and a beta of 0.87. Advantage Oil & Gas has a fifty-two week low of $4.63 and a fifty-two week high of $7.55.

Several equities research analysts have recently commented on the stock. TheStreet upgraded shares of Advantage Oil & Gas from a “c” rating to a “b-” rating in a research note on Monday, August 7th. BidaskClub downgraded shares of Advantage Oil & Gas from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Zacks Investment Research upgraded shares of Advantage Oil & Gas from a “sell” rating to a “hold” rating in a research report on Thursday, November 23rd. BMO Capital Markets cut shares of Advantage Oil & Gas from an “outperform” rating to a “market perform” rating and set a $8.00 target price for the company. in a research note on Tuesday, October 10th. Finally, Scotiabank reaffirmed a “buy” rating and set a $11.50 price objective on shares of Advantage Oil & Gas in a research note on Tuesday, October 10th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $9.44.

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Advantage Oil & Gas Company Profile

Advantage Oil & Gas Ltd. is an intermediate natural gas and liquids development and production company. The Company is engaged in the business of natural gas exploitation, development, acquisition and production in the Province of Alberta. The Company focuses on the development of Montney resource play at Glacier, Alberta in Western Canada.

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