Willbros Group June 15th Short Interest Update

Willbros Group (NYSE:WG) has witnessed a rise of 6.7% or 53,536 shares in its short figure. The short interest augmentation took it from 797,982 on May 31,2016 to 851,518 on June 15,2016. In terms of floated shares, the short interest was calculated to be 1.7%. The days to cover are 2 given that the daily volume averaged 392,000 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Willbros Group (NYSE:WG): The stock opened at $2.85 on Friday but the bulls could not build on the opening and the stock topped out at $3.02 for the day. The stock traded down to $2.70 during the day, due to lack of any buying support eventually closed down at $2.95 with a loss of -1.99% for the day. The stock had closed at $3.01 on the previous day. The total traded volume was 4,520,425 shares.

The company shares have rallied 125.19% from its 1 Year high price. On Dec 2, 2015, the shares registered one year high at $3.43 and the one year low was seen on Aug 12, 2015. The 50-Day Moving Average price is $2.99 and the 200 Day Moving Average price is recorded at $2.35.

Stocks of Willbros Group (NYSE:WG) rallied by 6.12% during the past week but lost 2.32% on a 4-week basis. In the past week, the company has outperformed the S&P 500 by 7.88% and the outperformance has advanced to 0.64% for the last 4 weeks period.

Willbros Group, Inc. (Willbros) is a specialty energy infrastructure contractor serving the oil, gas, refining, petrochemical and power industries. The Companys offerings include engineering, procurement and construction (EPC), turnarounds, maintenance, facilities development and operations services. The Company has four operating segments: Oil & Gas, Professional Services, Utility Transmission and Distribution (Utility T&D), and Canada. The Company offers a range of services serving the energy industry, such as construction, project management, maintenance, fabrication, EPC, integrity, field services, natural gas transmission and distribution, API storage tanks, general and modular fabrication, and repair and restoration, among others.

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