Rex Energy Corporation (REXX) : Traders are getting increasingly bearish on Rex Energy Corporation (REXX), as can be seen in the addition of short positions from 8,677,053 on Jul 29, 2016, to 9,070,975 on August 15, 2016. The net change in shorts is 393,922 shares, an increase of 4.5%. 7 days remain before the expiry. The 14.8% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 1,314,335. The short interest information was released on Wednesday Aug 24th after the market close.
Rex Energy Corporation (NASDAQ:REXX): The stock opened at $0.58 on Wednesday but the bulls could not build on the opening and the stock topped out at $0.61 for the day. The stock traded down to $0.58 during the day, due to lack of any buying support eventually closed down at $0.59 with a loss of -2.50% for the day. The stock had closed at $0.60 on the previous day. The total traded volume was 1,097,121 shares.
In a related news, Walker Curtis J, officer (Chief Accounting Officer) of Rex Energy Corp had purchased 1,900 shares on August 25, 2015 in a transaction. The price per share was $2.6 and the total amount of the disclosed transaction was $4,940.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
Rex Energy Corporation is an independent oil, natural gas liquid (NGL) and natural gas company. The Company has operations in the Appalachian Basin and Illinois Basin. In the Appalachian Basin, the Company is focused on its Marcellus Shale, Utica Shale and Upper Devonian (Burkett) Shale drilling and exploration activities. In the Illinois Basin, the Company is focused on its developmental oil drilling and the implementation of enhanced oil recovery (EOR) on its properties. In addition to its drilling and exploration activities, the Company is also engaged in oil and gas field services, where the Company provides water sourcing, water disposal and water transfer solutions for completion operations. The Company operates in two business segments: exploration and production and field services. Its core leasehold consists of interests in developed and undeveloped crude oil, NGL and natural gas resources located in the Appalachian and Illinois basins.