Matador Resources Company (MTDR) : Traders are increasing their bearish positions on the stock, as is visible by the 7.6% jump in the outstanding short positions; a total addition of 992,595 shares on the sell side. On Jul 29, 2016, the total short positions were 12,992,247 shares, which went up to 13,984,842 shares by the close of trading on August 15, 2016. It will take 7 days for the bears to roll over or cover. An average of 1,889,641 shares exchange hands daily. 17.2% 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.
Matador Resources Company (NYSE:MTDR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.56 and $22.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.36, notching a gain of 2.23% for the day. The total traded volume was 2,175,361 . The stock had closed at $22.85 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Matador Resources Co, Byerley William M, had purchased 2,288 shares in a transaction dated on August 8, 2016. The transaction was executed at $21.86 per share with total amount equaling $50,016.
Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Companys operations are focused primarily on the oil and liquids portion of the Eagle Ford shale play in South Texas and the Wolfcamp and Bone Spring plays in the Permian Basin in Southeast New Mexico and West Texas. The Company also operates in the Haynesville shale and Cotton Valley plays in Northwest Louisiana and East Texas. In addition, it has an exploratory leasehold position in Southwest Wyoming and adjacent areas of Utah and Idaho where it is testing the Meade Peak shale. The Company is the operator for over 90% of its Eagle Ford acreage and approximately two-thirds of its Haynesville acreage, including approximately 36% of its acreage. It has approximately 152,400 gross (85,400 net) acres, in the Permian Basin.