Southwestern Energy Company (NYSE:SWN) encountered a drop of 10.9% or -9,376,644 shares in the short positions. The number dropped from 85,749,521 on May 31,2016 to 76,372,877 on June 15,2016. The final interest is 19.6% of the floated stock. The days to cover figure of 5 can be arrived using the average daily exchange of 14,850,553 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Southwestern Energy Company (NYSE:SWN): The stock opened at $12.96 on Friday but the bulls could not build on the opening and the stock topped out at $13.24 for the day. The stock traded down to $12.48 during the day, due to lack of any buying support eventually closed down at $12.62 with a loss of -7.00% for the day. The stock had closed at $13.57 on the previous day. The total traded volume was 21,478,801 shares.
The company shares have dropped -43.89% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $23.43 and the one year low was seen on Dec 17, 2015. The 50-Day Moving Average price is $13.02 and the 200 Day Moving Average price is recorded at $9.40.
Southwestern Energy Company (NYSE:SWN) has tumbled 3.59% during the past week and has dropped 3.37% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.99%. Southwestern Energy Company (NYSE:SWN) has underperformed the index by 0.45% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Southwestern Energy Company is an energy company engaged in natural gas and oil exploration, development and production (E&P). The Company is focused on creating and capturing additional value through its natural gas gathering and marketing businesses, which it refer to as Midstream Services. The Company conducts its business through subsidiaries. The Companys operations are focused within the United States on development of two natural gas reservoirs located in Arkansas and Pennsylvania. Its operations in Arkansas are focused on a natural gas reservoir, Fayetteville Shale, and its operations in northeast Pennsylvania are focused on the natural gas reservoir, Marcellus Shale. The Company engages in natural gas gathering activities in Arkansas, Texas, Louisiana, Pennsylvania and West Virginia.