Carrizo Oil & Gas (CRZO) : Traders are getting increasingly bearish on Carrizo Oil & Gas (CRZO), as can be seen in the addition of short positions from 7,270,981 on Jul 29, 2016, to 8,566,810 on August 15, 2016. The net change in shorts is 1,295,829 shares, an increase of 17.8%. 5 days remain before the expiry. The 15.5% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 1,735,785. The short interest information was released on Wednesday Aug 24th after the market close.
Carrizo Oil & Gas (NASDAQ:CRZO): The stock opened at $35.76 on Wednesday but the bulls could not build on the opening and the stock topped out at $36.48 for the day. The stock traded down to $35.62 during the day, due to lack of any buying support eventually closed down at $35.75 with a loss of -1.02% for the day. The stock had closed at $36.12 on the previous day. The total traded volume was 1,177,070 shares.
In a related news, Wojtek Frank A, director of Carrizo Oil & Gas Inc, unloaded 1,750 shares at an average price of $33.98 on August 5, 2016. The total amount of the transaction was worth $59,465, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Carrizo Oil & Gas, Inc. (Carrizo) is an energy company. The Company is engaged in the exploration, development and production of oil and gas from resource plays located in the United States. Its operations are focused in proven, producing oil and gas plays in the Eagle Ford Shale in South Texas, the Utica Shale in Ohio, the Niobrara Formation in Colorado and the Marcellus Shale in Pennsylvania. The Companys core Eagle Ford properties are located in LaSalle County in McMullen, Frio and Atascosa counties in Texas. It has joint venture arrangements with GAIL GLOBAL (USA) INC. (GAIL), which is a wholly owned subsidiary of GAIL (India) Limited. The Company serves as an operator of the properties covered by its Niobrara joint venture arrangements. The Companys activities in the Marcellus are conducted through two joint ventures.