The short interest in Hess Corporation (NYSE:HES) has increased from 16,142,179 on May 31,2016 to 16,719,247 on June 15,2016. The change was measured at 577,068 shares or 3.6%. The leftover shorts were 6% of the floated shares. The days to cover are 6, given the average daily volume of 2,804,768 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Hess Corporation (NYSE:HES): The stock opened at $57.04 on Friday but the bulls could not build on the opening and the stock topped out at $58.07 for the day. The stock traded down to $55.51 during the day, due to lack of any buying support eventually closed down at $55.83 with a loss of -6.59% for the day. The stock had closed at $59.77 on the previous day. The total traded volume was 4,830,263 shares.
The company shares have dropped -16.63% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $67.97 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $58.40 and the 200 Day Moving Average price is recorded at $50.92.
Hess Corporation (NYSE:HES) has tumbled 1.98% during the past week and has dropped 7.31% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.36%. Hess Corporation (NYSE:HES) has underperformed the index by 4.5% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Hess Corporation (Hess) is an exploration and production (E&P) company that develops, produces, purchases, transports and sells crude oil and natural gas. Its production operations are located primarily in the United States, Denmark, Equatorial Guinea, the Joint Development Area of Malaysia/Thailand, Malaysia and Norway. The Companys production in the United States was from offshore properties in the Gulf of Mexico and onshore properties in the Bakken oil shale play in the Williston Basin of North Dakota, the Permian Basin of Texas, and the Utica Basin of Ohio. Approximately 16% of the Companys crude oil and natural gas liquids production and 7% of its natural gas production were from European operations. Approximately 22% of the Companys crude oil and natural gas liquids production were from its African operations. Approximately 1% of the Companys crude oil and natural gas liquids production and 61% of its natural gas production were from its Asian and Other operations.