Deal Energizes Fee

Traders' Insight • Jun 19, 2017 at 1:33 PM EDT

Sanchez Energy Corp. is an oil and gas exploration company based in Houston, Texas with a market cap of $600 Million.The stock is up 30% in the past 3 weeks, closing Friday at $7.51 from a 52-week low of $5.60 on May 31st.

Sanchez Energy Corp. (NYSE: SN) is an oil and gas exploration company based in Houston, Texas with a market cap of $600 Million.The stock is up 30% in the past 3 weeks, closing Friday at $7.51 from a 52-week low of $5.60 on May 31st. However it is still almost half of the 52-week high of a $14-handle in January.

The firm announced a sale of non-core assets, and the borrow fee increased from 3% in May to 40% today. Volume on loan increased 20% in the past few weeks and Short Interest is 34% of the float. With utilization hovering between 80% and 90%, shares are around.Mid-size brokers are lending and bulge brackets are borrowing.

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