Short Interest Update on SM Energy Company (SM)

SM Energy Company (SM) : The short interest in SM Energy Company (SM) has increased from 12,038,637 to 13,383,703 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 6,229,394 shares are traded daily in the stock and only 2 days are left for the shorts to cover. The short open interest is 20% of the total shares in the hands of the public. The shorts in the stock have gone up by 1,345,066 shares, which is an increase of 11.2% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.

SM Energy Company (NYSE:SM): The stock opened at $37.65 on Wednesday but the bulls could not build on the opening and the stock topped out at $38.20 for the day. The stock traded down to $36.83 during the day, due to lack of any buying support eventually closed down at $37.08 with a loss of -2.14% for the day. The stock had closed at $37.89 on the previous day. The total traded volume was 2,693,669 shares.


In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP – Operations) of Sm Energy Co, Vogel Herbert S, had purchased 6,000 shares in a transaction dated on February 26, 2016. The transaction was executed at $8.64 per share with total amount equaling $51,840.

SM Energy Company is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. Its operations are carried in four onshore operating areas in the United States: South Texas & Gulf Coast Region, which is managed from its office in Houston, Texas and has both operated and non-operated Eagle Ford shale programs; Rocky Mountain Region, which the Company operates from its office in Billings, Montana and focuses on the development and growth through acquisition of assets targeting the Bakken/Three Forks formations; Permian Region, which is managed from the Companys office in Midland, Texas and covers western Texas and southeastern New Mexico, and Mid-Continent Region, which is managed from the Companys office in Tulsa, Oklahoma and the Mid-Continent Region consists of its Haynesville and Woodford Shale assets.

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