Time to Reconsider Mexico Energy Corporation (NYSEMKT:MXC) After More Short Sellers?

July 17, 2017 - By Clifton Ray

 Time to Reconsider Mexico Energy Corporation (NYSEMKT:MXC) After More Short Sellers?

Investors sentiment increased to 4 in Q4 2016. Its up 3.50, from 0.5 in 2016Q3. It improved, as 1 investors sold Mexco Energy Corporation shares while 0 reduced holdings. 3 funds opened positions while 1 raised stakes. 650,470 shares or 114.24% more from 303,622 shares in 2016Q3 were reported.
Thompson Davis holds 0.01% of its portfolio in Mexco Energy Corporation (NYSEMKT:MXC) for 1,000 shares. Morgan Stanley stated it has 4,400 shares or 0% of all its holdings. California Public Employees Retirement owns 14,900 shares. Brown Advisory holds 0% of its portfolio in Mexco Energy Corporation (NYSEMKT:MXC) for 202,400 shares. Wells Fargo & Mn owns 4 shares. Deutsche Bank Ag, a Germany-based fund reported 3,652 shares. Renaissance Limited Liability Corp, a New York-based fund reported 17,000 shares. Bridgeway Cap Mgmt has 0% invested in Mexco Energy Corporation (NYSEMKT:MXC) for 12,000 shares. 69,879 are held by Northern Tru.

The stock of Mexico Energy Corporation (NYSEMKT:MXC) registered an increase of 146.58% in short interest. MXC’s total short interest was 18,000 shares in July as published by FINRA. Its up 146.58% from 7,300 shares, reported previously. With 33,000 shares average volume, it will take short sellers 1 days to cover their MXC’s short positions. The short interest to Mexico Energy Corporation’s float is 2.09%.

About 10,282 shares traded. Mexco Energy Corporation (NYSEMKT:MXC) has risen 48.49% since July 17, 2016 and is uptrending. It has outperformed by 31.79% the S&P500.

Mexco Energy Corporation is an independent gas and oil company. The company has market cap of $10.51 million. The Firm is engaged in the exploration, development and production of natural gas and crude oil properties located in the United States. It currently has negative earnings. At March 31, 2016, its total estimated proved reserves were approximately 2.051 million barrels of oil equivalent of which 53% was oil and natural gas liquids and 47% was natural gas.

More notable recent Mexco Energy Corporation (NYSEMKT:MXC) news were published by: Prnewswire.com which released: “Mexco Energy Corporation Announces Development of Properties” on April 28, 2015, also Marketwired.com with their article: “Mexco Energy Corporation Reports Financial Results for Fiscal 2017 and …” published on June 28, 2017, Marketwatch.com published: “4.98” on February 06, 2011. More interesting news about Mexco Energy Corporation (NYSEMKT:MXC) were released by: Prnewswire.com and their article: “Mexco Energy Corporation Announces Purchase Of Oil And Gas Properties” published on November 26, 2014 as well as Quotes.Wsj.com‘s news article titled: “Mexco Energy Corp.” with publication date: February 13, 2011.

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