Hedgeye publicly announced their negative view of the Atlas Energy entities yesterday and announced plans to release their report and hold a conference call Thursday April 24.
Below please find an update on the total number of shares and units sold short across the three Atlas Energy entities (as an indicator of how much traction Hedgeye’s short thesis is achieving in the market place). The following chart shows the total number of units or shares sold short for each name since April of 2013. The data is somewhat delayed and the data for March 31 was released on April 9.
Two week change in the amount of units sold short:
- ATLS: Up 62.9% – New High in Number of Units Sold Short (substantial percentage increase in this short position over the two weeks prior to March 31)
- APL: Up 0.3% – New High in Number of Units Sold Short
- ARP: Down 15.9%