Short Interest Update on Rice Energy (RICE)

Rice Energy (RICE) : The bears are holding on to their shorts in Accenture Plc with 2 more days remaining for them to cover their positions. The bearish positions have increased from 5,585,102 on Jul 29, 2016, to 6,104,054, on August 15, 2016. Daily, 3,517,240 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 518,952 shares, which is an increase of just 9.3%. The total short interest of 5.3% 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.

Rice Energy (NYSE:RICE): The stock opened at $26.55 on Wednesday but the bulls could not build on the opening and the stock topped out at $26.81 for the day. The stock traded down to $26.21 during the day, due to lack of any buying support eventually closed down at $26.41 with a loss of -0.75% for the day. The stock had closed at $26.61 on the previous day. The total traded volume was 2,023,522 shares.


In a related news,The director 10% owner of Rice Energy Inc., Rice Daniel sold 5,000,000 shares at $7.75 on December 21, 2015. The Insider selling transaction had a total value worth of $38,750,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Rice Energy Inc. (Rice Energy) is an independent natural gas and oil company. The Company is engaged in the acquisition, exploration and development of natural gas, oil and natural gas liquids (NGL) properties in the Appalachian Basin. The Company operates in two segments: Exploration and Production, and Midstream. Exploration and Production segment is engaged in the acquisition, exploration and development of natural gas, oil and NGLs. Midstream segment is engaged in the gathering and compression of natural gas, oil and NGL production of, and in the provision of water services to support the well completion activities of Rice Energy and third-parties. The Companys Exploration and Production segment operates in the core of the Marcellus, Utica Shales and Upper Devonian Shale. The Companys midstream assets consist of gathering systems and associated compression infrastructure at Washington County System, Greene County System and Belmont County System.

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