Cobalt International Energy (NYSE:CIE) stated gains of 378,795 shares or 1% in the short interest. The short interest registered from 36,530,504 on May 31,2016 to 36,909,299 on June 15,2016. In terms of floated shares, the shorted positions stood at 11.3%. The stock has been averaging 4,001,970 shares daily in trading and would need 9 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Cobalt International Energy (NYSE:CIE): The stock opened at $1.78 on Friday but the bulls could not build on the opening and the stock topped out at $1.88 for the day. The stock traded down to $1.76 during the day, due to lack of any buying support eventually closed down at $1.83 with a loss of -5.18% for the day. The stock had closed at $1.93 on the previous day. The total traded volume was 35,686,126 shares.
The company shares have dropped -81.31% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $10.06 and the one year low was seen on Jun 22, 2016. The 50-Day Moving Average price is $2.30 and the 200 Day Moving Average price is recorded at $3.28.
Cobalt International Energy (NYSE:CIE) has tumbled 5.67% during the past week and has dropped 11.59% 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 4.1%. Cobalt International Energy (NYSE:CIE) has underperformed the index by 8.92% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Cobalt International Energy Inc. is an independent exploration and production company with operations in the deepwater the United States Gulf of Mexico and offshore Angola and Gabon in West Africa. The Company operates in two segments: the U.S. Gulf of Mexico and West Africa. The Company is focused on drilling exploration wells on its below-salt exploration portfolio, which has resulted in the ten discoveries. The Companys ten discoveries consist of North Platte, Heidelberg, Shenandoah and Anchor in the United States Gulf of Mexico; Cameia, Lontra, Mavinga, Bicuar and Orca offshore Angola; and Diaman offshore Gabon. In addition, it has interest in the Yucatan discovery in the United States Gulf of Mexico. With these discoveries, its focus areas include project appraisal and development, continued exploration and new ventures.