Civeo Corporation June 15th Short Interest Update

Civeo Corporation (NYSE:CVEO) encountered a rise of 6.8% or 259,394 shares in the short positions. The number escalated from 3,788,254 on May 31,2016 to 4,047,648 on June 15,2016. The final interest is 4.1% of the floated stock. The days to cover figure of 6 can be arrived using the average daily exchange of 720,830 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Civeo Corporation (NYSE:CVEO): The stock opened at $1.83 on Friday but the bulls could not build on the opening and the stock topped out at $1.95 for the day. The stock traded down to $1.79 during the day, due to lack of any buying support eventually closed down at $1.80 with a loss of -6.74% for the day. The stock had closed at $1.93 on the previous day. The total traded volume was 13,886,410 shares.

The company shares have dropped -40.79% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $3.24 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $1.99 and the 200 Day Moving Average price is recorded at $1.41.

Civeo Corporation (NYSE:CVEO) has tumbled 6.74% during the past week and has dropped 10% 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 5.19%. Civeo Corporation (NYSE:CVEO) has underperformed the index by 7.28% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

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