Chesapeake Energy Corporation (NYSE:CHK) has seen a rise of 408,473 shares or 0.4% in the short interest. The remaining shorts are 13.7% of the total floated shares. The net short interest, as on June 15,2016, stood at 96,238,854 shares and the stocks days to cover will be 3 by factoring in the average per day volume of 37,596,449 shares. On May 31,2016, 95,830,381 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Chesapeake Energy Corporation (NYSE:CHK): The stock opened at $4.26 on Friday but the bulls could not build on the opening and the stock topped out at $4.47 for the day. The stock traded down to $4.17 during the day, due to lack of any buying support eventually closed down at $4.37 with a loss of -5.82% for the day. The stock had closed at $4.64 on the previous day. The total traded volume was 29,431,529 shares.
The company shares have dropped -60.38% from its 1 Year high price. On Jul 7, 2015, the shares registered one year high at $11.90 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $4.29 and the 200 Day Moving Average price is recorded at $4.18.
Chesapeake Energy Corporation (NYSE:CHK) has tumbled 3.1% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 5.05% in the last four weeks. The stocks have underperformed the S&P 500 by 1.5% during the past week but Chesapeake Energy Corporation (NYSE:CHK) it has outperformed the index in 4 weeks by 8.23%.
Chesapeake Energy Corporation is a producer of natural gas, oil and natural gas liquids (NGL) in the United States. The Company operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. The exploration and production segment is responsible for finding and producing oil, natural gas and NGL. The marketing, gathering and compression operating segment is responsible for marketing, gathering and compression of oil, natural gas and NGL. The Company owns interests in approximately 45,100 oil and natural gas wells that produced an average of approximately 729 thousand barrels of oil equivalent (mboe). The Company also own oil and natural gas marketing and natural gas gathering and compression businesses. As of December 31, 2014, the Company held an interest in approximately 45,100 gross productive wells, including 33,600 properties in which it held a working interest and 11,500 properties in which it held an overriding royalty interest.