Rex Energy Corporation (NASDAQ:REXX), A reduction of 147,561 shares or 1.1% was observed in the short interest of Rex Energy Corporation The interest on June 15,2016 came in at 13,428,966 shares and as per the average daily trading of 2,088,038 shares, the days to cover are 6. The reduced interest is 21.9% of the floated shares. The data of May 31,2016 put the interest at 13,576,527 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Rex Energy Corporation (NASDAQ:REXX): The stock opened at $0.72 on Friday but the bulls could not build on the opening and the stock topped out at $0.78 for the day. The stock traded down to $0.72 during the day, due to lack of any buying support eventually closed down at $0.75 with a loss of -8.12% for the day. The stock had closed at $0.82 on the previous day. The total traded volume was 8,255,442 shares.
The company shares have dropped -86.11% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $5.60 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $0.76 and the 200 Day Moving Average price is recorded at $0.88.
Rex Energy Corporation (NASDAQ:REXX) has tumbled 8.73% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.45% in the last four weeks. The stocks have underperformed the S&P 500 by 7.21% during the past week but Rex Energy Corporation (NASDAQ:REXX) it has outperformed the index in 4 weeks by 6.58%.
Rex Energy Corporation is an independent oil, natural gas liquid (NGL) and natural gas company. The Company has operations in the Appalachian Basin and Illinois Basin. In the Appalachian Basin, the Company is focused on its Marcellus Shale, Utica Shale and Upper Devonian (Burkett) Shale drilling and exploration activities. In the Illinois Basin, the Company is focused on its developmental oil drilling and the implementation of enhanced oil recovery (EOR) on its properties. In addition to its drilling and exploration activities, the Company is also engaged in oil and gas field services, where the Company provides water sourcing, water disposal and water transfer solutions for completion operations. The Company operates in two business segments: exploration and production and field services. Its core leasehold consists of interests in developed and undeveloped crude oil, NGL and natural gas resources located in the Appalachian and Illinois basins.