Helmerich & Payne (HP) : The short interest in Helmerich & Payne (HP) has increased from 24,663,396 to 25,411,441 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 1,548,377 shares are traded daily in the stock and only 16 days are left for the shorts to cover. The short open interest is 24.2% of the total shares in the hands of the public. The shorts in the stock have gone up by 748,045 shares, which is an increase of 3% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
Helmerich & Payne (NYSE:HP): The stock opened at $62.67 on Wednesday but the bulls could not build on the opening and the stock topped out at $63.52 for the day. The stock traded down to $62.67 during the day, due to lack of any buying support eventually closed down at $63.17 with a loss of -0.14% for the day. The stock had closed at $63.26 on the previous day. The total traded volume was 1,352,783 shares.
In a related news, The Securities and Exchange Commission has divulged that Lindsay John W, director officer (President & CEO) of Helmerich & Payne, Inc., had unloaded 19,000 shares at an average price of $67.37 in a transaction dated on June 9, 2016. The total value of the transaction was worth $1,280,030.
Helmerich & Payne, Inc. is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Companys contract drilling business consists of three business segments: U.S. Land, Offshore and International Land. Its U.S. Land segment operates drilling operations in Oklahoma, California, Texas, Wyoming, Colorado, Louisiana, Mississippi, Pennsylvania, Ohio, Utah, New Mexico, Montana, North Dakota, West Virginia and Nevada. Its offshore operations are conducted in the Gulf of Mexico and Equatorial Guinea. Its International Land segment operates in seven international locations, including Ecuador, Colombia, Argentina, Tunisia, Bahrain, the United Arab Emirates and Mozambique. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.