The short interest in Denbury Resources (NYSE:DNR) has increased from 59,931,566 on May 31,2016 to 60,729,282 on June 15,2016. The change was measured at 797,716 shares or 1.3%. The leftover shorts were 17.7% of the floated shares. The days to cover are 5, given the average daily volume of 11,688,159 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Denbury Resources (NYSE:DNR): The stock opened at $4.28 on Friday but the bulls could not build on the opening and the stock topped out at $4.48 for the day. The stock traded down to $4.21 during the day, due to lack of any buying support eventually closed down at $4.30 with a loss of -8.12% for the day. The stock had closed at $4.68 on the previous day. The total traded volume was 44,544,883 shares.
The company shares have dropped -31.64% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $6.44 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $4.12 and the 200 Day Moving Average price is recorded at $2.65.
Denbury Resources (NYSE:DNR) has climbed 1.65% in the past week and advanced 9.41% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.34% and the outperformance has advanced to 12.73% for the last 4 weeks period.
Denbury Resources Inc. is an independent oil and natural gas company. The Companys operations are focused in two operating areas: the Gulf Coast and Rocky Mountain regions. The Companys properties with proved and producing reserves in the Gulf Coast region are situated in Mississippi, Texas, Louisiana and Alabama, and in the Rocky Mountain region are situated in Montana, North Dakota and Wyoming. The Companys primary Gulf Coast CO2 source is Jackson Dome. The Companys mature group of properties includes the initial CO2 field, Little Creek, as well as several other fields, including Brookhaven, Cranfield, Eucutta, Lockhart Crossing, Mallalieu, Martinville, McComb and Soso fields. The Company also holds interest in the 183-mile NEJD CO2 pipeline that runs from Jackson Dome to near Donaldsonville, Louisiana.