Parsley Energy (PE) has 14,564,173 shares of shorts outstanding as on August 15, 2016, with 4 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 15,891,976 shares. The stock has a decent trading volume of 3,615,974 shares daily. The marginal decrease in the short positions is by -8.4%, which amounts to -1,327,803 shares. Short positions are 9.8% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.
Parsley Energy (NYSE:PE): The stock opened at $33.42 on Wednesday but the bulls could not build on the opening and the stock topped out at $34.02 for the day. The stock traded down to $33.19 during the day, due to lack of any buying support eventually closed down at $33.47 with a loss of -0.45% for the day. The stock had closed at $33.62 on the previous day. The total traded volume was 2,641,256 shares.
In a related news,The officer (See Remarks) of Parsley Energy, Inc., Hinson Mike sold 25,000 shares at $32.87 on August 10, 2016. The Insider selling transaction had a total value worth of $821,750. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Parsley Energy, Inc. is an independent oil and natural gas company. The Company is focused on the acquisition, development and exploitation of unconventional oil and natural gas reserves in the Permian Basin. The Permian Basin is located in West Texas and Southeastern New Mexico and comprises three primary sub-areas: the Midland Basin, the Central Basin Platform and the Delaware Basin. The Companys properties are primarily located in the Midland and Delaware Basins and its activities have been focused on the vertical development of the Spraberry, Wolfberry and Wolftoka Trends of the Midland Basin. The Companys vertical wells in the area are drilled into stacked pay zones that include the Spraberry, Wolfcamp, Upper Pennsylvanian (Cline), Strawn, Atoka and Mississippian formations. The Companys principal asset is a controlling equity interest in Parsley LLC, and is its managing member. As of December 31, 2014, the Company had interests in 724 gross (416.4 net) producing wells.