According to the latest stock data, investors are looking at C&J Energy Services, Inc. (:CJ)’s short data and trying to figure out market sentiment on which way the market thinks the stock is moving. The firm has 5.75% of total shares float short, yielding a short ratio of 3.28.
When investors engage in short selling or “shorting a stock”, they actually borrow shares from an existing owner, sell the borrowed shares at market price, and take the cash. The short sellers then promise to replace the stock in the future and makes dividend payments out of their own pockets to cover the dividend income that is no longer exists on the original, now borrowed and sold, shares.
They hope that the stock price will fall or that the company will fail and go bankrupt, leading the equity holders to ruin. The short sellers will then buy the stock back at a much lower price and replace the borrowed shares, pocketing the difference.
Let’s take a look at how the stock has been performing recently. Over the past twelve months, C&J Energy Services, Inc. (:CJ)’s stock was -19.95%. Over the last week of the month, it was -7.94%, 0.81% over the last quarter, and -28.29% for the past six months.
Over the past 50 days, C&J Energy Services, Inc. stock’s -16.67% off of the high and 5.07% removed from the low. Their 52-Week High and Low are noted here. -33.80% away from the high and 9.58% from the low.
The consensus analysts recommendation at this point stands at 1.90 on C&J Energy Services, Inc. (:CJ). This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell. The same analysts are predicting that the company shares will trade to $41.09 within the next 12-18 months.
Disclaimer: The views, opinions, and information expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. Examples of analysis performed within this article are only examples. They should not be utilized to make stock portfolio or financial decisions as they are based only on limited and open source information. Assumptions made within the analysis are not reflective of the position of any analysts or financial professionals.