Short Interest Update on Energen Corporation (EGN)

Energen Corporation (EGN) : Traders are getting increasingly bearish on Energen Corporation (EGN), as can be seen in the addition of short positions from 3,924,765 on Jul 29, 2016, to 4,066,302 on August 15, 2016. The net change in shorts is 141,537 shares, an increase of 3.6%. 3 days remain before the expiry. The 4.2% 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 1,453,197. The short interest information was released on Wednesday Aug 24th after the market close.

Energen Corporation (NYSE:EGN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $55.55 and $55.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $56.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $56.43, notching a gain of 0.62% for the day. The total traded volume was 1,173,218 . The stock had closed at $56.08 on the previous day.


In a related news,The director officer (Chairman and CEO) of Energen Corp, Mcmanus J T sold 10,216 shares at $52.58 on August 11, 2016. The Insider selling transaction had a total value worth of $537,157. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Energen Corporation (Energen) is an oil and gas exploration and production company with headquarters in Birmingham, Alabama. The Company has 1.1 billion barrels of oil-equivalent proved, probable, and possible reserves and another 2.2 billion barrels of oil-equivalent contingent resources. These all-domestic reserves and resources are located primarily in the Permian Basin in west Texas. Energen also has operations in the San Juan Basin in northern New Mexico.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.