KBR (KBR) : The traders have covered their outstanding shorts in KBR (KBR) to the tune of -82,375 shares, a change of -4.5%. As on Jul 29, 2016, the outstanding shorts on the stock were 1,834,736 shares, however, by August 15, 2016, the shorts had reduced to 1,752,361 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 1.2% of the free float of the stock. It takes 1 days to cover the outstanding short positions. The stock has an average daily volume of 1,607,607 shares. The short interest information was released on Wednesday Aug 24th after the market close.
KBR (NYSE:KBR): The stock opened at $15.24 on Wednesday but the bulls could not build on the opening and the stock topped out at $15.44 for the day. The stock traded down to $15.11 during the day, due to lack of any buying support eventually closed down at $15.14 with a loss of -1.82% for the day. The stock had closed at $15.42 on the previous day. The total traded volume was 894,746 shares.
KBR, Inc. is an engineering, procurement, construction and services company. The Company offers a portfolio of technology and consulting services; engineering, construction, procurement and asset maintenance services; and base operational, logistics, life support and asset management services. The Company operates in three business segments: Technology & Consulting (T&C), Engineering & Construction (E&C) and Government Services (GS). The T&C segment provides technologies and consulting services to the oil and gas value chain. The E&C provides engineering and engineering, procurement and construction services for the development, construction and commissioning of projects. The GS business segment focuses on service contracts particularly for the United Kingdom, Australian and United States Governments. It provides services to international and national oil and gas companies, independent refiners, manufacturers and domestic and foreign Governments, among others.