Spectra Energy Corp June 15th Short Interest Update

Spectra Energy Corp (NYSE:SE), A rise of 1,918,947 shares or 8.1% was seen in the short interest of Spectra Energy Corp Wi. Even as the interest increased from 23,697,682 shares on May 31,2016 to 25,616,629 shares on June 15,2016, the days to cover came in at 6. The updated interest stood at 3.7% of the stocks floats. The stock has seen an average daily volume of 4,510,497 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Spectra Energy Corp (NYSE:SE): The stock opened at $33.96 on Friday but the bulls could not build on the opening and the stock topped out at $34.87 for the day. The stock traded down to $33.81 during the day, due to lack of any buying support eventually closed down at $34.37 with a loss of -1.97% for the day. The stock had closed at $35.06 on the previous day. The total traded volume was 7,093,148 shares.

The company shares have rallied 6.71% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $35.07 and the one year low was seen on Dec 8, 2015. The 50-Day Moving Average price is $32.43 and the 200 Day Moving Average price is recorded at $29.09.

Spectra Energy Corp (NYSE:SE) has climbed 1.39% in the past week and advanced 8.63% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.07% and the outperformance has advanced to 11.92% for the last 4 weeks period.

Spectra Energy Corp is a natural gas infrastructure company. The Company owns and operates natural gas-related energy assets and a crude oil pipeline system connecting Canadian and the United States producers to refineries in the United States Rocky Mountain and Midwest regions. It operates in three areas of the natural gas industry: gathering and processing, transmission and storage, and distribution. It conducts its business in four segments: Spectra Energy Partners, Distribution, Western Canada Transmission & Processing, and Field Services. It provides transmission and storage of natural gas to customers in various regions of the northeastern and southeastern United States, the Maritime Provinces in Canada, the Pacific Northwest in the United States and Canada, and in the province of Ontario, Canada. It also provides natural gas sales and distribution services to retail customers in Ontario, and natural gas gathering and processing services to customers in western Canada.

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