Marathon Oil Corporation (NYSE:MRO) stated loss of 2,079,284 shares or 5.4% in the short interest. The short interest registered from 38,828,152 on May 31,2016 to 36,748,868 on June 15,2016. In terms of floated shares, the shorted positions stood at 4.3%. The stock has been averaging 16,340,541 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.
Marathon Oil Corporation (NYSE:MRO): The stock opened at $14.31 on Friday but the bulls could not build on the opening and the stock topped out at $14.94 for the day. The stock traded down to $14.28 during the day, due to lack of any buying support eventually closed down at $14.59 with a loss of -4.45% for the day. The stock had closed at $15.27 on the previous day. The total traded volume was 33,429,453 shares.
The company shares have dropped -45.34% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $27.38 and the one year low was seen on Feb 19, 2016. The 50-Day Moving Average price is $13.31 and the 200 Day Moving Average price is recorded at $11.50.
Marathon Oil Corporation (NYSE:MRO) has climbed 10.87% in the past week and advanced 13.1% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 12.71% and the outperformance has advanced to 16.52% for the last 4 weeks period.
Marathon Oil Corporation is an energy company based in Houston, Texas, with operations in North America, Europe and Africa. The Company operates in three segments: North America E&P segment, which explores for, produces and markets crude oil and condensate, NGLs and natural gas in North America; International E&P segment, which explores for, produces and markets crude oil and condensate, NGLs and natural gas outside of North America and produces and markets products manufactured from natural gas, such as LNG and methanol, in Egypt and Oil Sands Mining segment, which mines, extracts and transports bitumen from oil sands deposits in Alberta, Canada, and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil. It has production operations in the United States, Egypt, Canada, the United Kingdom and Libya. The focus of its the United States operations is its three core unconventional resource plays, including the Eagle Ford, Bakken and Oklahoma Resource Basins.