Phillips 66 June 15th Short Interest Update

The short interest in Phillips 66 (NYSE:PSX) has increased from 13,593,434 on May 31,2016 to 13,892,298 on June 15,2016. The change was measured at 298,864 shares or 2.2%. The leftover shorts were 2.8% of the floated shares. The days to cover are 5, given the average daily volume of 2,795,279 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Phillips 66 (NYSE:PSX): The stock opened at $78.29 on Friday but the bulls could not build on the opening and the stock topped out at $79.74 for the day. The stock traded down to $78.29 during the day, due to lack of any buying support eventually closed down at $78.62 with a loss of -2.78% for the day. The stock had closed at $80.87 on the previous day. The total traded volume was 6,031,822 shares.

The company shares have rallied 0.17% from its 1 Year high price. On Nov 4, 2015, the shares registered one year high at $94.12 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $79.46 and the 200 Day Moving Average price is recorded at $81.75.

Stocks of Phillips 66 (NYSE:PSX) rallied by 0.15% during the past week but lost 2.49% on a 4-week basis. In the past week, the company has outperformed the S&P 500 by 1.81% and the outperformance has advanced to 0.46% for the last 4 weeks period.

Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining and marketing and specialties businesses. The Company operates its business through four segments: midstream, chemicals, refining and marketing and specialties. It gathers, processes, transports and markets natural gas, and transports, fractionates and markets natural gas liquids (NGL) in the United States. The Chemical segment manufactures and markets petrochemicals and plastics. The Chemicals segment consists of its 50% equity investment in Chevron Phillips Chemical Company LLC (CPChem). The refining segment buys, sells and refines crude oil and other feedstocks into petroleum products (such as gasolines, distillates and aviation fuels) at 14 refineries, mainly in the United States and Europe. The Marketing and Specialties segment purchases for resale and markets refined petroleum products (such as gasolines, distillates and aviation fuels), mainly in the United States and Europe.

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