The 10 Most-Shorted Stocks on the AMEX to Watch Now

February 17, 2012

Here’s all the latest news around the AMEX’s most shorted stocks:

Novagold Resources Inc New Ord (AMEX:NG):

Novagold Resources Inc New Ord had 20,374,137 shares sold short as of Jan 31st, as compared to 17,500,221 on Jan 13th, which represents a change of 2,873,916 shares, or 16.4%. Days to cover for this company is 5 and average daily trading volume is 3,936,764.

Northern Oil and Gas, Inc. Com (AMEX:NOG):

Northern Oil and Gas, Inc. Com had 17,752,193 shares sold short as of Jan 31st, as compared to 18,640,683 on Jan 13th, which represents a change of -888,490 shares, or -4.8%. Days to cover for this company is 16 and average daily trading volume is 1,122,036.

Cheniere Energy, Inc. Common S (AMEX:LNG):

Cheniere Energy, Inc. Common S had 14,281,295 shares sold short as of Jan 31st, as compared to 14,556,925 on Jan 13th, which represents a change of -275,630 shares, or -1.9%. Days to cover for this company is 2 and average daily trading volume is 7,775,532.

Paramount Gold and Silver Corp (AMEX:PZG):

Paramount Gold and Silver Corp had 12,373,669 shares sold short as of Jan 31st, as compared to 12,414,073 on Jan 13th, which represents a change of -40,404 shares, or -0.3%. Days to cover for this company is 12 and average daily trading volume is 1,074,218.

VirnetX Holding Corp Common St (AMEX:VHC):

VirnetX Holding Corp Common St had 12,292,939 shares sold short as of Jan 31st, as compared to 12,203,487 on Jan 13th, which represents a change of 89,452 shares, or 0.7%. Days to cover for this company is 14 and average daily trading volume is 890,550.

Navidea Biopharmaceuticals, In (AMEX:NAVB):

Navidea Biopharmaceuticals, In had 10,843,058 shares sold short as of Jan 31st, as compared to 11,097,424 on Jan 13th, which represents a change of -254,366 shares, or -2.3%. Days to cover for this company is 54 and average daily trading volume is 200,265.

Uranium Energy Corp. Common St (AMEX:UEC):

Uranium Energy Corp. Common St had 10,569,252 shares sold short as of Jan 31st, as compared to 10,722,281 on Jan 13th, which represents a change of -153,029 shares, or -1.4%. Days to cover for this company is 17 and average daily trading volume is 613,997.

North American Palladium, Ltd. (AMEX:PAL):

North American Palladium, Ltd. had 10,392,647 shares sold short as of Jan 31st, as compared to 7,084,734 on Jan 13th, which represents a change of 3,307,913 shares, or 46.7%. Days to cover for this company is 4 and average daily trading volume is 2,588,400.

Golden Star Resources, Ltd Com (AMEX:GSS):

Golden Star Resources, Ltd Com had 9,553,665 shares sold short as of Jan 31st, as compared to 10,295,158 on Jan 13th, which represents a change of -741,493 shares, or -7.2%. Days to cover for this company is 4 and average daily trading volume is 2,709,271.

Vantage Drilling Company (AMEX:VTG):

Vantage Drilling Company had 8,927,324 shares sold short as of Jan 31st, as compared to 8,989,739 on Jan 13th, which represents a change of -62,415 shares, or -0.7%. Days to cover for this company is 6 and average daily trading volume is 1,471,637.

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To contact the reporter on this story: Dave Friedman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com