Bonanza Creek Energy (NYSE:BCEI) encountered a rise of 5.1% or 802,086 shares in the short positions. The number escalated from 15,577,256 on May 31,2016 to 16,379,342 on June 15,2016. The final interest is 34% of the floated stock. The days to cover figure of 4 can be arrived using the average daily exchange of 3,896,997 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Bonanza Creek Energy (NYSE:BCEI): The stock opened at $2.17 on Friday but the bulls could not build on the opening and the stock topped out at $2.29 for the day. The stock traded down to $2.13 during the day, due to lack of any buying support eventually closed down at $2.17 with a loss of -9.21% for the day. The stock had closed at $2.39 on the previous day. The total traded volume was 6,715,793 shares.
The company shares have dropped -87.91% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $18.98 and the one year low was seen on Mar 1, 2016. The 50-Day Moving Average price is $2.78 and the 200 Day Moving Average price is recorded at $2.91.
Bonanza Creek Energy (NYSE:BCEI) has tumbled 8.82% during the past week and has dropped 14.23% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 7.31%. Bonanza Creek Energy (NYSE:BCEI) has underperformed the index by 11.63% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Bonanza Creek Energy, Inc. is an energy company engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich natural gas in the United States. Its oil and liquids-weighted assets are concentrated primarily in the Wattenberg Field in Colorado, which the Company has designated the Rocky Mountain region and the Dorcheat Macedonia Field in Southern Arkansas, which it has designated the Mid-Continent region. In addition, the Company owns and operates oil-producing assets in the North Park Basin in Colorado and the McKamie Patton Field in Southern Arkansas. It operates approximately 98% of its proved reserves with an average working interest of approximately 86%.