Short Interest Update on Pengrowth Energy Corporation (PGH)

Pengrowth Energy Corporation (PGH) has 1,608,590 shares of shorts outstanding as on August 15, 2016, with 2 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 2,587,267 shares. The stock has a decent trading volume of 887,532 shares daily. The marginal decrease in the short positions is by -37.8%, which amounts to -978,677 shares. Short positions are 0.4% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.

Pengrowth Energy Corporation (NYSE:PGH): The stock opened at $1.60 on Wednesday but the bulls could not build on the opening and the stock topped out at $1.63 for the day. The stock traded down to $1.54 during the day, due to lack of any buying support eventually closed down at $1.55 with a loss of -4.32% for the day. The stock had closed at $1.62 on the previous day. The total traded volume was 1,153,794 shares.


Pengrowth Energy Corporation is engaged in the production, development, exploration and acquisition of oil and natural gas assets. The Company is focused on further developing the Lindbergh Thermal Project, located in East Central Alberta, near Cold Lake. The Companys principal conventional operations include Greater Olds/Garrington Area, where the Company holds a continuous land base with over 800 gross sections of Cardium-access rights, infrastructure and operatorship; Swan Hills Trend, a conventional oil resource , which provides it with opportunities to put its technical experience of carbonate reservoirs to work on its operated interests in Judy Creek, Carson Creek, Deer Mountain, Virginia Hills and Sawn Lake, where Pengrowth has control of the infrastructure and Bernadet Montney, where it has more than 50 gross sections of Montney land with liquids content.

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