Lilis Energy Inc (NYSEAMERICAN:LLEX) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 3,519,400 shares, a drop of 0.2% from the November 30th total of 3,527,981 shares. Currently, 11.7% of the shares of the company are short sold. Based on an average daily volume of 249,989 shares, the short-interest ratio is presently 14.1 days.

Lilis Energy (NYSEAMERICAN:LLEX) opened at $5.30 on Wednesday. Lilis Energy has a 12 month low of $2.90 and a 12 month high of $5.69. The firm has a market cap of $272.36, a P/E ratio of -2.44 and a beta of -1.38.

A number of research firms have recently commented on LLEX. Zacks Investment Research upgraded Lilis Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Seaport Global Securities reaffirmed a “buy” rating and issued a $8.00 price target (up from $6.75) on shares of Lilis Energy in a research note on Wednesday, October 4th. Capital One Financial started coverage on shares of Lilis Energy in a research note on Thursday, October 5th. They issued an “overweight” rating and a $7.00 price target on the stock. Williams Capital started coverage on shares of Lilis Energy in a research note on Tuesday, September 26th. They issued a “buy” rating and a $7.00 price target on the stock. Finally, Stephens started coverage on shares of Lilis Energy in a research note on Friday, September 29th. They issued an “overweight” rating and a $6.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $6.71.

In other news, major shareholder Fund Vertex sold 10,720 shares of the firm’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $5.01, for a total transaction of $53,707.20. Following the sale, the insider now directly owns 6,962,640 shares in the company, valued at approximately $34,882,826.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

An institutional investor recently raised its position in Lilis Energy stock. Wolverine Trading LLC grew its holdings in Lilis Energy Inc (NYSEAMERICAN:LLEX) by 411.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,188 shares of the company’s stock after purchasing an additional 49,214 shares during the quarter. Wolverine Trading LLC owned about 0.12% of Lilis Energy worth $274,000 as of its most recent SEC filing.

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Lilis Energy Company Profile

Lilis Energy, Inc is an upstream independent oil and gas company. The Company is engaged in the acquisition, drilling and production of oil and natural gas properties and prospects. The Company drills for, operates and produces oil and natural gas wells through its land holdings located in Wyoming, Colorado, and Nebraska.

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