The short interest in Occidental Petroleum Corporation (NYSE:OXY) has increased from 11,229,783 on May 31,2016 to 12,713,824 on June 15,2016. The change was measured at 1,484,041 shares or 13.2%. The leftover shorts were 1.7% of the floated shares. The days to cover are 4, given the average daily volume of 3,617,487 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Occidental Petroleum Corporation (NYSE:OXY): The stock opened at $75.68 on Friday but the bulls could not build on the opening and the stock topped out at $76.45 for the day. The stock traded down to $74.84 during the day, due to lack of any buying support eventually closed down at $75.27 with a loss of -3.88% for the day. The stock had closed at $78.31 on the previous day. The total traded volume was 5,601,379 shares.
The company shares have dropped -2.71% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $78.31 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $75.75 and the 200 Day Moving Average price is recorded at $70.48.
Stocks of Occidental Petroleum Corporation (NYSE:OXY) rallied by 0.43% during the past week but lost 1.16% on a 4-week basis. In the past week, the company has outperformed the S&P 500 by 2.09% and the outperformance has advanced to 1.84% for the last 4 weeks period.
Occidental Petroleum Corporation (Occidental) is engaged in the oil and gas exploration and production. The Company, through its subsidiaries and affliates, operates in the United States, Middle East/North Africa and Latin America. Occidental operates through three segments. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGL) and natural gas. The chemical (OxyChem) segment manufactures and markets basic chemicals and vinyls. The midstream, marketing and other segment (midstream and marketing) gathers, processes, transports, stores, purchases and markets oil, condensate, NGLs, natural gas, carbon dioxide (CO2) and power. It also trades around its assets, including transportation and storage capacity, and trades oil, NGLs, gas and other commodities.