Tsakos Energy Navigation Ltd (TNP) has 384,733 shares of shorts outstanding as on August 15, 2016, with 1 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 543,426 shares. The stock has a decent trading volume of 545,279 shares daily. The marginal decrease in the short positions is by -29.2%, which amounts to -158,693 shares. Short positions are 0.7% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.
Tsakos Energy Navigation Ltd (NYSE:TNP): The stock opened at $5.13 on Wednesday but the bulls could not build on the opening and the stock topped out at $5.18 for the day. The stock traded down to $4.96 during the day, due to lack of any buying support eventually closed down at $4.97 with a loss of -3.31% for the day. The stock had closed at $5.14 on the previous day. The total traded volume was 401,493 shares.
Tsakos Energy Navigation Limited is a provider of international seaborne crude oil and petroleum product transportation services. As of April 8, 2015, the Company operated a fleet of 47 modern crude oil and petroleum product tankers that provide marine transportation services for national and other independent oil companies and refiners under long, medium and short-term charters. The Companys fleet also includes one liquefied natural gas (LNG) carrier and two shuttle suezmax tankers with dynamic positioning technology (DP2), as well as VLCC, aframax, panamax, handysize, handymax tankers, and the two DP2 shuttle tankers. Its fleet is managed by Tsakos Energy Management Limited (Tsakos Energy Management). Tsakos Energy Management provides the Company with advisory, financial, accounting and administrative services. Its tanker fleets technical management, including crewing, maintenance and repair, and voyage operations, is subcontracted to Tsakos Columbia Shipmanagement (TCM).