Short Interest in NuVista Energy Ltd. (OTCMKTS:NUVSF) Decreases By 38.8%

NuVista Energy Ltd. (OTCMKTS:NUVSFGet Rating) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 348,500 shares, a drop of 38.8% from the April 30th total of 569,300 shares. Based on an average daily trading volume, of 50,500 shares, the short-interest ratio is currently 6.9 days.

NuVista Energy stock traded up $0.28 during mid-day trading on Friday, reaching $10.20. The company’s stock had a trading volume of 11,568 shares, compared to its average volume of 24,486. The firm’s fifty day moving average price is $8.88 and its two-hundred day moving average price is $7.22. NuVista Energy has a 12-month low of $2.24 and a 12-month high of $10.50.

Several equities research analysts have commented on the stock. National Bank Financial increased their price objective on shares of NuVista Energy from C$11.50 to C$14.50 in a research note on Thursday, April 14th. Desjardins raised their price target on shares of NuVista Energy from C$13.50 to C$14.00 in a research note on Friday, March 11th. Stifel Nicolaus raised their price target on shares of NuVista Energy from C$13.25 to C$15.00 in a research note on Wednesday, May 11th. CIBC raised their price target on shares of NuVista Energy from C$12.00 to C$14.00 in a research note on Thursday, April 14th. Finally, Raymond James raised their price target on shares of NuVista Energy from C$15.00 to C$15.50 in a research note on Wednesday, May 11th. Seven research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $12.70.

About NuVista Energy (Get Rating)

NuVista Energy Ltd., an oil and natural gas company, engages in the exploration, development, and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. It primarily focuses on the condensate rich Montney formation in the Wapiti area of the Alberta Deep Basin. The company was incorporated in 2003 and is headquartered in Calgary, Canada.

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