Chevron Corporation June 15th Short Interest Update

Chevron Corporation (NYSE:CVX) reported a rise of 4.5% or 1,363,915 shares in its short interest. The short figure came in at 1.7% of the total floats. The average daily volume of 6,347,952 shares suggests that the days to cover 31,455,523 short positions, as on June 15,2016, will be 5. On May 31,2016, the short interest was 30,091,608 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Chevron Corporation (NYSE:CVX): The stock opened at $101.46 on Friday but the bulls could not build on the opening and the stock topped out at $103.01 for the day. The stock traded down to $101.17 during the day, due to lack of any buying support eventually closed down at $101.90 with a loss of -2.43% for the day. The stock had closed at $104.44 on the previous day. The total traded volume was 11,481,402 shares.

The company shares have rallied 5.39% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $104.45 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $101.48 and the 200 Day Moving Average price is recorded at $93.44.

Stocks of Chevron Corporation (NYSE:CVX) rallied by 0.32% during the past week but lost 0.12% on a 4-week basis. In the past week, the company has outperformed the S&P 500 by 1.99% and the outperformance has advanced to 2.9% for the last 4 weeks period.

Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates. The Company operates through two segments: Upstream and Downstream. Upstream operations consist primarily of exploring for, developing and producing crude oil and natural gas; processing, liquefaction, transportation and regasification associated with liquefied natural gas (LNG); transporting crude oil through international oil export pipelines; transporting, storing and marketing natural gas, and operating a gas-to-liquids plant. The Companys Downstream operations primarily consist of refining crude oil into petroleum products; marketing crude oil and refined products; transporting crude oil and refined products by pipeline, marine vessel, motor equipment and rail car, and manufacturing and marketing commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives.

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