Short Interest Update on Ocean Rig UDW (ORIG)

Ocean Rig UDW (ORIG) : The bears are holding on to their shorts in Accenture Plc with 3 more days remaining for them to cover their positions. The bearish positions have increased from 11,672,949 on Jul 29, 2016, to 14,077,029, on August 15, 2016. Daily, 4,800,411 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 2,404,080 shares, which is an increase of just 20.6%. The total short interest of 33.4% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.

Ocean Rig UDW (NASDAQ:ORIG): The stock opened at $0.89 on Wednesday but the bulls could not build on the opening and the stock topped out at $0.90 for the day. The stock traded down to $0.84 during the day, due to lack of any buying support eventually closed down at $0.84 with a loss of -5.50% for the day. The stock had closed at $0.89 on the previous day. The total traded volume was 1,248,623 shares.


Ocean Rig UDW Inc. is a Marshall Islands-registered international offshore drilling contractor. The Company provides oilfield services for offshore oil and gas exploration, development and production drilling. It specializes in the ultra-deepwater and harsh-environment segment of the offshore drilling industry. Ocean Rig owns and operates two ultra-deepwater semi-submersible offshore drilling rigs, the Leiv Eiriksson and the Eirik Raude, both based on the Companys Bingo 9000 design. In addition, in January 2011, the Company took delivery of the new build drillship Ocean Rig Corcovado from Samsung Heavy Industries in Korea. As of December 22, 2010, Ocean Rig UDW Inc. was majority owned by DryShips Inc., which held a 78% stake in the Company.

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