ENSCO plc June 15th Short Interest Update

ENSCO plc (NYSE:ESV), A rise of 439,265 shares or 2.1% was seen in the short interest of Ensco plc. Even as the interest increased from 21,314,166 shares on May 31,2016 to 21,753,431 shares on June 15,2016, the days to cover came in at 3. The updated interest stood at 7.3% of the stocks floats. The stock has seen an average daily volume of 6,578,203 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

ENSCO plc (NYSE:ESV): The stock opened at $10.06 on Friday but the bulls could not build on the opening and the stock topped out at $10.49 for the day. The stock traded down to $9.87 during the day, due to lack of any buying support eventually closed down at $9.94 with a loss of -7.79% for the day. The stock had closed at $10.78 on the previous day. The total traded volume was 8,024,928 shares.

The company shares have dropped -55.27% from its 1 Year high price. On Jun 30, 2015, the shares registered one year high at $22.79 and the one year low was seen on Feb 25, 2016. The 50-Day Moving Average price is $10.26 and the 200 Day Moving Average price is recorded at $10.93.

ENSCO plc (NYSE:ESV) has tumbled 3.5% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.16% in the last four weeks. The stocks have underperformed the S&P 500 by 1.89% during the past week but ENSCO plc (NYSE:ESV) it has outperformed the index in 4 weeks by 5.25%.

Ensco plc (Ensco) is a global offshore contract drilling company. The Company provides offshore contract drilling services to the international oil and gas industry. The Company operates in three segments: Floaters, which includes its drill ships and semisubmersible rigs; Jackups and Other, which consists of management services on rigs owned by third-parties. Its Floaters and Jackups segments provide contract drilling. It owns and operates an offshore drilling rig fleet of around 70 rigs, including seven rigs under construction, with drilling operations in markets around the globe. Its rig fleet includes around 10 drill ships, 13 semisubmersible rigs, five moored semisubmersible rigs and 42 jackup rigs. Of its 70 rigs, around 17 are located in North and South America, 17 are located in the Middle East and Africa, 17 are located in the Asia Pacific rim (including five rigs under construction), 15 are located in Europe and the Mediterranean and fits are located in Brazil.

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