ONEOK (NYSE:OKE) reported a drop of 0.5% or 80,937 shares in its short interest. The short figure came in at 7.6% of the total floats. The average daily volume of 2,448,920 shares suggests that the days to cover 15,900,057 short positions, as on June 15,2016, will be 6. On May 31,2016, the short interest was 15,980,994 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
ONEOK (NYSE:OKE): The stock opened at $44.87 on Friday but the bulls could not build on the opening and the stock topped out at $47.13 for the day. The stock traded down to $44.86 during the day, due to lack of any buying support eventually closed down at $45.82 with a loss of -2.22% for the day. The stock had closed at $46.86 on the previous day. The total traded volume was 4,944,505 shares.
The company shares have rallied 17.16% from its 1 Year high price. On Jun 22, 2016, the shares registered one year high at $47.34 and the one year low was seen on Dec 18, 2015. The 50-Day Moving Average price is $43.45 and the 200 Day Moving Average price is recorded at $30.67.
ONEOK (NYSE:OKE) has climbed 0.55% in the past week and advanced 7.23% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.22% and the outperformance has advanced to 10.48% for the last 4 weeks period.
ONEOK, Inc. is the sole general partner of ONEOK Partners, L.P. (ONEOK Partners), a master limited partnership engaged in the gathering, processing, storage and transportation of natural gas in the United States. The Company operates through three segments: Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment provides nondiscretionary services to producers, including gathering and processing of natural gas produced from crude oil and natural gas wells. The Natural Gas Liquids segment owns and operates facilities that gather, fractionate, treat and distribute natural gas liquids (NGLs), and store NGL products, primarily in Oklahoma, Kansas, Texas, New Mexico and the Rocky Mountain region. The Natural Gas Pipelines segment owns and operates regulated natural gas transmission pipelines and natural gas storage facilities.