Noble Corporation (NYSE:NE) has seen a rise of 1,798,851 shares or 5.4% in the short interest. The remaining shorts are 14.7% of the total floated shares. The net short interest, as on June 15,2016, stood at 35,377,577 shares and the stocks days to cover will be 4 by factoring in the average per day volume of 9,315,417 shares. On May 31,2016, 33,578,726 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Noble Corporation (NYSE:NE): The stock opened at $8.95 on Friday but the bulls could not build on the opening and the stock topped out at $9.35 for the day. The stock traded down to $8.68 during the day, due to lack of any buying support eventually closed down at $8.68 with a loss of -8.92% for the day. The stock had closed at $9.53 on the previous day. The total traded volume was 9,987,407 shares.
The company shares have dropped -42.67% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $15.52 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $8.94 and the 200 Day Moving Average price is recorded at $9.61.
Noble Corporation (NYSE:NE) has tumbled 7.36% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.6% in the last four weeks. The stocks have underperformed the S&P 500 by 5.83% during the past week but Noble Corporation (NYSE:NE) it has outperformed the index in 4 weeks by 5.71%.