Apache Corporation June 15th Short Interest Update

The short interest in Apache Corporation (NYSE:APA) has declined from 16,479,577 on May 31,2016 to 16,018,727 on June 15,2016. The change was measured at 460,850 shares or 2.8%. The leftover shorts were 4.2% of the floated shares. The days to cover are 5, given the average daily volume of 3,151,222 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Apache Corporation (NYSE:APA): The stock opened at $55.50 on Friday but the bulls could not build on the opening and the stock topped out at $56.92 for the day. The stock traded down to $54.80 during the day, due to lack of any buying support eventually closed down at $54.86 with a loss of -5.67% for the day. The stock had closed at $58.16 on the previous day. The total traded volume was 6,229,095 shares.

The company shares have dropped -4.11% from its 1 Year high price. On May 25, 2016, the shares registered one year high at $59.59 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $55.61 and the 200 Day Moving Average price is recorded at $47.48.

Stocks of Apache Corporation (NYSE:APA) rallied by 1.84% during the past week but lost 5.88% on a 4-week basis. The company has outperformed the S&P 500 by 3.53% in the past week but underperformed the index by 3.04% in the last 4 weeks.

Apache Corporation (Apache) is an independent energy company, which explores for, develops, and produces natural gas, crude oil, and natural gas liquids. As of December 31, 2014, Apache had exploration and production interests in five countries: the United States, Canada, Egypt, Australia and the United Kingdom. During the year ended December 31, 2014, it participated in drilling 1,478 gross wells, with 1,407 (95%) completed as producers. As of December 31, 2013, in addition to its completed wells, several wells had not reached completion: 318 gross (214.7 net) in the United States; 27 gross (19.0 net) in Canada; 35 gross (32.5 net) in Egypt, and 3 gross (2.2 net) in the North Sea. The Companys operations in United States and Canada are constituted under its North America business, while its International business constitutes its operations in Egypt, Australia and the United Kingdom in the North Sea.

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