Halcon Resources Corporation (NYSE:HK) stated gains of 351,403 shares or 3.5% in the short interest. The short interest registered from 10,086,560 on May 31,2016 to 10,437,963 on June 15,2016. In terms of floated shares, the shorted positions stood at 10.6%. The stock has been averaging 4,952,817 shares daily in trading and would need 2 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Halcon Resources Corporation (NYSE:HK): The stock opened at $0.45 on Friday but the bulls could not build on the opening and the stock topped out at $0.48 for the day. The stock traded down to $0.44 during the day, due to lack of any buying support eventually closed down at $0.44 with a loss of -10.91% for the day. The stock had closed at $0.50 on the previous day. The total traded volume was 8,585,749 shares.
The company shares have dropped -62.39% from its 1 Year high price. On Aug 28, 2015, the shares registered one year high at $6.30 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $0.53 and the 200 Day Moving Average price is recorded at $0.85.
Halcon Resources Corporation (NYSE:HK) has tumbled 7.83% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 65.26% in the last four weeks. The stocks have underperformed the S&P 500 by 6.3% during the past week but Halcon Resources Corporation (NYSE:HK) it has outperformed the index in 4 weeks by 70.26%.
Halcon Resources Corporation is an independent energy company focused on the acquisition, production, exploration and development of onshore liquids-rich oil and natural gas assets in the United States. The companys estimated total proved oil and natural gas reserves were approximately 189.1 million barrels of oil equivalent (MMBoe), consisting of 155.6 MMBoe of oil, 16.3 MMBbls of natural gas liquids, and 103.7 billion cubic feet (Bcf) of natural gas as of December 31, 2014. Approximately 41% of the Companys reserves were classified as proved developed, as of 2014. The Companys oil and natural gas assets consist of undeveloped acreage positions in unconventional liquids-rich basins/fields.