Oasis Petroleum (NYSE:OAS) has seen a shortfall of 507,720 shares or 1.8% in the short interest. The remaining shorts are 16% of the total floated shares. The net short interest, as on June 15,2016, stood at 28,070,483 shares and the stocks days to cover will be 3 by factoring in the average per day volume of 8,206,539 shares. On May 31,2016, 28,578,203 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Oasis Petroleum (NYSE:OAS): The stock opened at $10.09 on Friday but the bulls could not build on the opening and the stock topped out at $10.10 for the day. The stock traded down to $9.52 during the day, due to lack of any buying support eventually closed down at $9.59 with a loss of -11.04% for the day. The stock had closed at $10.78 on the previous day. The total traded volume was 12,772,228 shares.
The company shares have dropped -39.46% from its 1 Year high price. On Jun 30, 2015, the shares registered one year high at $16.13 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $10.01 and the 200 Day Moving Average price is recorded at $7.74.
Oasis Petroleum (NYSE:OAS) has tumbled 6.16% during the past week and has dropped 3.81% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 4.61%. Oasis Petroleum (NYSE:OAS) has underperformed the index by 0.9% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Oasis Petroleum Inc. is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. The Companys core projects include Williston Basin, West Williston, East Nesson and Sanish. The Williston basin produces oil and natural gas from various producing horizons, including the Bakken, Three Forks, Madison and Red River formations. The Company controls 357,584 net acres in the West Williston project area. The Company controls 147,919 net acres in the East Nesson project area. The Company also operates an oil and gas marketing business through Oasis Petroleum Marketing LLC, a well services business through Oasis Well Services LLC and a midstream services business through Oasis Midstream Services LLC.