Finance

How Insiders and Institutions are Trading EnerJex Resources, Inc. (ENRJ)

Recent insider trends for EnerJex Resources, Inc. (NYSE:ENRJ) have caught the attention of investors. Insider data is useful because it can reveal what a company’s executives and largest shareholders feel about a stock. In this case, the data has some interesting things to say about how ENRJ might perform in the future.

Institutions own 01.80% of EnerJex Resources, Inc. (ENRJ)’s shares. The total value of these holdings, in millions, is $0. Among active positions in the latest quarter, 2 holders increased their positions by a total of 52817 shares, 5 holders decreased the positions by a total of 286353 shares, and 1 holders held their positions. This works out to a net decrease in ownership of 233536 shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 1 holders initiated new positions by a total of 32000 shares and 1 holders exited their positions by a total of 5000 shares. This nets out to an increase of 27000 shares and is a bullish sign for ENRJ.

Insider ownership increased by a total of 0 shares, which suggests that ENRJ’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: ownership increased by a net of 0 shares.



Short interest is another tool that analysts use to gauge investor sentiment. It represents the number of a stock’s shares that are being shorted by investors. EnerJex Resources, Inc. (NYSE:ENRJ)’s short interest is 891300 shares, or % of the float. This represents an increase of 33% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

In light of the insider ownership and trading data it makes sense to consider technicals to see if they come to a similar conclusion about the outlook for ENRJ. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that ENRJ is a sell, which implies that ENRJ is expected to underperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that EnerJex Resources, Inc. (NYSE:ENRJ) is overvalued.

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