Marathon Petroleum Corporation June 15th Short Interest Update

Marathon Petroleum Corporation (NYSE:MPC), According to the latest information the short interest in Marathon Petroleum Corporation shot up by 3.6% or 285,112 shares. The final shorts are 1.6% of the total floated shares. The positions increased from 8,028,698 shares on May 31,2016 to 8,313,810 on June 15,2016. According to the per-day average trading of 6,783,393 shares, the days to cover are 1. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Marathon Petroleum Corporation (NYSE:MPC): The stock opened at $34.89 on Friday but the bulls could not build on the opening and the stock topped out at $35.88 for the day. The stock traded down to $34.75 during the day, due to lack of any buying support eventually closed down at $35.33 with a loss of -3.52% for the day. The stock had closed at $36.62 on the previous day. The total traded volume was 11,571,613 shares.

The company shares have dropped -30.52% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $60.38 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $35.43 and the 200 Day Moving Average price is recorded at $39.11.

Marathon Petroleum Corporation (NYSE:MPC) has climbed 5.46% in the past week and advanced 0.63% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 7.21% and the outperformance has advanced to 3.67% for the last 4 weeks period.

Marathon Petroleum Corporation (MPC) is engaged petroleum product refining, marketing, retail and transportation businesses. It has three segments: Refining & Marketing, which refines crude oil and other feedstocks at its seven refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products; Speedway, which sells transportation fuels and convenience products in the retail market in the Midwest, East Coast and Southeast, and Pipeline Transportation, which transports crude oil and other feedstocks to its refineries and other locations, delivers refined products to wholesale and retail market areas and includes the aggregated operations of MPLX LP.

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