ConocoPhillips June 15th Short Interest Update

ConocoPhillips (NYSE:COP) reported a drop of 5.3% or 910,760 shares in its short interest. The short figure came in at 1.3% of the total floats. The average daily volume of 7,736,199 shares suggests that the days to cover 16,231,461 short positions, as on June 15,2016, will be 2. On May 31,2016, the short interest was 17,142,221 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

ConocoPhillips (NYSE:COP): The stock opened at $43.32 on Friday but the bulls could not build on the opening and the stock topped out at $44.42 for the day. The stock traded down to $42.92 during the day, due to lack of any buying support eventually closed down at $43.17 with a loss of -5.39% for the day. The stock had closed at $45.63 on the previous day. The total traded volume was 13,630,206 shares.

The company shares have dropped -29.24% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $61.74 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $44.18 and the 200 Day Moving Average price is recorded at $41.92.

ConocoPhillips (NYSE:COP) has tumbled 2.22% during the past week and has dropped 2.62% in the last 4 week period. The stocks have underperformed the S&P 500 by 0.6% during the past week but ConocoPhillips (NYSE:COP) it has outperformed the index in 4 weeks by 0.33%.

ConocoPhillips (ConocoPhillips) is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through six operating segments, which are primarily defined by geographic region: Alaska, Lower 48, Canada, Europe, Asia Pacific and Middle East, and Other International. The Companys continuing operations are producing in the United States, Norway, the United Kingdom, Canada, Australia, Timor-Leste, Indonesia, China, Malaysia, Qatar, Libya and Russia. The Company has major ownership interests in two of North Americas oil fields located on Alaskas North Slope: Prudhoe Bay and Kuparuk.

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