QEP Resources (NYSE:QEP) has seen a shortfall of 114,291 shares or 1.6% in the short interest. The remaining shorts are 3.2% of the total floated shares. The net short interest, as on June 15,2016, stood at 6,887,494 shares and the stocks days to cover will be 2 by factoring in the average per day volume of 3,862,139 shares. On May 31,2016, 7,001,785 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
QEP Resources (NYSE:QEP): The stock opened at $17.65 on Friday but the bulls could not build on the opening and the stock topped out at $18.06 for the day. The stock traded down to $17.09 during the day, due to lack of any buying support eventually closed down at $17.32 with a loss of -7.33% for the day. The stock had closed at $18.69 on the previous day. The total traded volume was 8,290,486 shares.
The company shares have dropped -5.82% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $20.96 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $18.52 and the 200 Day Moving Average price is recorded at $14.18.
QEP Resources (NYSE:QEP) has tumbled 7.87% during the past week and has dropped 6.18% 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 6.34%. QEP Resources (NYSE:QEP) has underperformed the index by 3.34% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
QEP Resources, Inc. (QEP) is a holding company with two subsidiaries, QEP Energy Company and QEP Marketing Company, which are engaged in two primary lines of business: oil and gas exploration and production (QEP Energy) and oil and gas marketing, operation of the Haynesville Gathering System and an underground gas storage facility (QEP Marketing and Other). The Companys operations are focused in two geographic regions: the Northern Region (primarily in Wyoming, North Dakota and Utah) and the Southern Region (primarily in Texas and Louisiana) of the United States. QEP Energy Company conducts exploration and production (E&P) activities in several of North Americas hydrocarbon resource plays. QEP Marketing Company provides wholesale marketing and sales of affiliate and third-party gas, oil and natural gas liquids (NGL).