RSP Permian (RSPP) has 7,527,866 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 8,969,568 shares. The stock has a decent trading volume of 1,738,122 shares daily. The marginal decrease in the short positions is by -16.1%, which amounts to -1,441,702 shares. Short positions are 9.5% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.
RSP Permian (NYSE:RSPP): The stock opened at $39.13 on Wednesday but the bulls could not build on the opening and the stock topped out at $39.39 for the day. The stock traded down to $38.42 during the day, due to lack of any buying support eventually closed down at $38.64 with a loss of -1.50% for the day. The stock had closed at $39.23 on the previous day. The total traded volume was 1,138,669 shares.
In a related news, The Securities and Exchange Commission has divulged that Huck William, officer (VP, Operations) of Rsp Permian, Inc., had unloaded 6,000 shares at an average price of $38.76 in a transaction dated on August 17, 2016. The total value of the transaction was worth $232,560.
RSP Permian, Inc. is an independent oil and natural gas Company focused on the acquisition, exploration, development and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas. The Companys properties are located on contiguous acreage blocks in the Midland Basin, a sub-basin of the Permian Basin, primarily in the adjacent counties of Midland, Martin, Andrews, Dawson, Ector and Glasscock. As of December 31, 2014, the Company has participated in the completion of 92 horizontal wells, 45 of which the Company operated. Of these operated horizontal wells, three are Wolfcamp A wells, 17 are Wolfcamp B wells, two are Wolfcamp D wells, nine are Middle Spraberry wells, 14 are Lower Spraberry wells.