Golar LNG Limited June 15th Short Interest Update

Golar LNG Limited (NASDAQ:GLNG) reported a rise of 6.4% or 860,951 shares in its short interest. The short figure came in at 16.5% of the total floats. The average daily volume of 1,634,123 shares suggests that the days to cover 14,334,947 short positions, as on June 15,2016, will be 9. On May 31,2016, the short interest was 13,473,996 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Golar LNG Limited (NASDAQ:GLNG): The stock opened at $16.52 on Friday but the bulls could not build on the opening and the stock topped out at $17.11 for the day. The stock traded down to $16.25 during the day, due to lack of any buying support eventually closed down at $16.80 with a loss of -5.67% for the day. The stock had closed at $17.81 on the previous day. The total traded volume was 10,067,235 shares.

The company shares have dropped -64.19% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $50.00 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $17.04 and the 200 Day Moving Average price is recorded at $17.34.

Stocks of Golar LNG Limited (NASDAQ:GLNG) rallied by 5.86% during the past week but lost 4.49% on a 4-week basis. The company has outperformed the S&P 500 by 7.62% in the past week but underperformed the index by 1.6% in the last 4 weeks.

Golar LNG Limited (Golar) is the owner and operator of liquefied natural gas (LNG) carriers and floating storage regasification units (FSRUs). As of March 31, 2010, Golar had a fleet of 13 vessels, 10 LNG carriers, three FSRUs and a 50% interest in a further LNG carrier. On June 22, 2009, the Company formed a wholly owned subsidiary, Golar LNG Energy Limited (Golar Energy). As of December 31, 2009, it owned 73.8% of Golar Energy. Golar Energy specializes in the acquisition, ownership, operation and chartering of FSRUs and the development of liquefaction projects. In 2011, the Company made the following acquisitions: Golar LNG Energy Limited (July), a floating storage and regasification unit Golar Freeze (October). On January 23, 2012, the Company acquired a Moss type carrier, namely LNG Carrier Gandria. On July 19, 2012, it sold its interest in the companies owning and operating the Nusantara Tegas Satu FSRU.

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