Cloud Peak Energy Inc (CLD) : Traders are negative on Cloud Peak Energy Inc (CLD), as it has 17.1% of short positions outstanding compared to its float. The total shorts have reduced by -1,974,467 shares, which is a -16.2% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,12,180,111 to 10,205,644 shares. While the daily trading volume of the stock is 1,444,728, there are 7 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Cloud Peak Energy Inc (NYSE:CLD): The stock opened at $3.83 on Wednesday but the bulls could not build on the opening and the stock topped out at $3.94 for the day. The stock traded down to $3.65 during the day, due to lack of any buying support eventually closed down at $3.71 with a loss of -3.39% for the day. The stock had closed at $3.84 on the previous day. The total traded volume was 915,780 shares.
Cloud Peak Energy Inc. is a holding company that manages its 100% owned subsidiary, Cloud Peak Energy Resources LLC (CPE Resources). The Company is a producer of coal in the United States of America and the Powder River basin (PRB). The Company operates in three segments: Owned and Operated Mines, Logistics and Related Activities, and Corporate and Other. The Owned and Operated Mines segment focuses on thermal coal production. The Logistics and Related Activities segment delivers coal to the customer at a terminal or the customers plant or other delivery point, remote from its mine site. The Corporate and Other segment includes results relating to broker activity, its share of the Decker mine operations. The Company operates in the PRB, where it operates three surface coal mines, which include the Antelope Mine, the Cordero Rojo Mine and the Spring Creek Mine. It also has two development projects, including the Youngs Creek project and the Crow project.