Scorpio Tankers June 15th Short Interest Update

Scorpio Tankers (NYSE:STNG) encountered a rise of 3.4% or 358,301 shares in the short positions. The number escalated from 10,486,788 on May 31,2016 to 10,845,089 on June 15,2016. The final interest is 6.7% of the floated stock. The days to cover figure of 4 can be arrived using the average daily exchange of 2,536,718 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Scorpio Tankers (NYSE:STNG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.39 and $4.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.66, notching a gain of 0.22% for the day. The total traded volume was 4,783,695 . The stock had closed at $4.65 on the previous day.

The company shares have dropped -53.45% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $11.64 and the one year low was seen on Jun 24, 2016. The 50-Day Moving Average price is $5.43 and the 200 Day Moving Average price is recorded at $6.08.

Scorpio Tankers (NYSE:STNG) has tumbled 0.85% during the past week and has dropped 19.93% in the last 4 week period. The company has outperformed the S&P 500 by 0.79% in the past week but underperformed the index by 17.51% in the last 4 weeks.

Scorpio Tankers Inc. is a provider of seaborne transportation of refined petroleum products and crude oil to the international shipping markets. The Companys fleet consists of 66 wholly owned tankers (10 LR2 tankers, two LR1 tankers, 15 Handymax tankers and 39 MR tankers) with a weighted average age of approximately 1.1 years and 20 time chartered-in tankers, which it operate (seven Handymax tankers, three MR tankers, five LR1 tankers and five LR2 tankers). In addition, the Company has contracts for the construction of 14 newbuilding product tankers (six MR tankers and eight LR2 tankers) (Newbuilding Program). The Companys total oil tanker fleet (crude, products and product/chemical tankers) consisted of 3,138 ships with a combined capacity of 407 million deadweight tonnage.

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