Baker Hughes Incorporated June 15th Short Interest Update

Baker Hughes Incorporated (NYSE:BHI), A reduction of 18,951 shares or 0.4% was observed in the short interest of Baker Hughes The interest on June 15,2016 came in at 4,401,354 shares and as per the average daily trading of 3,522,582 shares, the days to cover are 1. The reduced interest is 1% of the floated shares. The data of May 31,2016 put the interest at 4,420,305 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Baker Hughes Incorporated (NYSE:BHI): The stock opened at $45.04 on Friday but the bulls could not build on the opening and the stock topped out at $46.42 for the day. The stock traded down to $44.86 during the day, due to lack of any buying support eventually closed down at $45.22 with a loss of -4.13% for the day. The stock had closed at $47.17 on the previous day. The total traded volume was 7,761,840 shares.

The company shares have dropped -26.00% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $61.96 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $46.03 and the 200 Day Moving Average price is recorded at $44.58.

Baker Hughes Incorporated (NYSE:BHI) has tumbled 3.4% during the past week and has dropped 1.78% in the last 4 week period. The stocks have underperformed the S&P 500 by 1.79% during the past week but Baker Hughes Incorporated (NYSE:BHI) it has outperformed the index in 4 weeks by 1.19%.

Baker Hughes Incorporated is engaged in the oilfield services industry. The Company is a supplier of oilfield services, products, technology and systems to the around the world oil and natural gas industry. The Company also provides industrial products and services to the downstream chemicals, and process and pipeline services. It conducts its operations through subsidiaries, affiliates, ventures and alliances. The Company has four geographical operating segments: North America, Latin America, Europe/Africa/Russia Caspian and Middle East/Asia Pacific. The Company also has an Industrial Services segment, which includes the downstream chemicals business and the process and pipeline services business. The Companys Integrated Operations is focused on the execution of projects that have attributes, such as project management, well site supervision, well construction, intervention, third-party contractor management, procurement and rig management.

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