EQT Corporation (EQT) : Traders are increasing their bearish positions on the stock, as is visible by the 3% jump in the outstanding short positions; a total addition of 151,804 shares on the sell side. On Jul 29, 2016, the total short positions were 5,111,450 shares, which went up to 5,263,254 shares by the close of trading on August 15, 2016. It will take 3 days for the bears to roll over or cover. An average of 1,547,202 shares exchange hands daily. 3.1% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.
EQT Corporation (NYSE:EQT): The stock opened at $71.73 on Wednesday but the bulls could not build on the opening and the stock topped out at $72.44 for the day. The stock traded down to $71.26 during the day, due to lack of any buying support eventually closed down at $71.87 with a loss of -0.32% for the day. The stock had closed at $72.10 on the previous day. The total traded volume was 1,660,604 shares.
In a related news, Cary A. Bray Jr., director of Eqt Corp, executed a transaction worth $21,448 on July 1, 2016. A total of 277 shares were purchased at an average price of $77.43. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
EQT Corporation (EQT) is an energy company. The Company operates in two business segments: EQT Production and EQT Midstream. EQT Production is a natural gas producer in the Appalachian Basin with approximately 10.7 trillion cubic feet equivalent (Tcfe) of proved natural gas, natural gas liquids (NGLs) and crude oil reserves across approximately 3.4 million acres, including around 630,000 gross acres in the Marcellus play. Its proved reserves include Lower Huron, Cleveland, Berea sandstone and other Devonian age formations. EQT Midstream assets are located in the Marcellus Shale region, spanning an area of southwestern Pennsylvania and northern West Virginia. EQT Midstream provides gathering, transmission and storage services for its produced gas and for the independent third parties across the Appalachian Basin.