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Short selling heats up in shares of Resolute Energy (REN)

|Includes:Resolute Energy Corporation (REN)

Short interest has tripled over the past three months, and the cost-to-borrow recently spiked in the securities lending market, from 22 bps to 700 bps in early February.

Short interest was just over 6 million shares in late February.  Shares borrowed in Short Side is just over 7.5 million on March 15.  Short interest should increase significantly when it's reported for mid-March next week.

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Stocks: REN