Rice Energy June 15th Short Interest Update

Rice Energy (NYSE:RICE) has shown a drop of 12.1% or 1,336,931 shares in the short positions. The bets have increased to 9,720,046 shares on June 15,2016 from 11,056,977 shares on May 31,2016. With respect to the floated shares, the shorts are 8.5%. The days to cover are calculated to be 3, using the standard per day volume of 3,509,972 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Rice Energy (NYSE:RICE): The stock opened at $21.98 on Friday but the bulls could not build on the opening and the stock topped out at $22.58 for the day. The stock traded down to $21.62 during the day, due to lack of any buying support eventually closed down at $21.97 with a loss of -4.44% for the day. The stock had closed at $22.99 on the previous day. The total traded volume was 5,003,863 shares.

The company shares have rallied 8.39% from its 1 Year high price. On Jun 22, 2016, the shares registered one year high at $23.13 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $20.17 and the 200 Day Moving Average price is recorded at $13.79.

Rice Energy (NYSE:RICE) has tumbled 1.08% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 11.41% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.56% and the outperformance has advanced to 14.78% for the last 4 weeks period.

Rice Energy Inc. (Rice Energy) is an independent natural gas and oil company. The Company is engaged in the acquisition, exploration and development of natural gas, oil and natural gas liquids (NGL) properties in the Appalachian Basin. The Company operates in two segments: Exploration and Production, and Midstream. Exploration and Production segment is engaged in the acquisition, exploration and development of natural gas, oil and NGLs. Midstream segment is engaged in the gathering and compression of natural gas, oil and NGL production of, and in the provision of water services to support the well completion activities of Rice Energy and third-parties. The Companys Exploration and Production segment operates in the core of the Marcellus, Utica Shales and Upper Devonian Shale. The Companys midstream assets consist of gathering systems and associated compression infrastructure at Washington County System, Greene County System and Belmont County System.

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