Transocean Ltd. June 15th Short Interest Update

Transocean Ltd. (NYSE:RIG), A increase of 3,281,186 shares or 3.8% was observed in the short interest of Transocean Ltd The interest on June 15,2016 came in at 89,993,636 shares and as per the average daily trading of 14,108,699 shares, the days to cover are 6. The increased interest is 24.7% of the floated shares. The data of May 31,2016 put the interest at 86,712,450 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Transocean Ltd. (NYSE:RIG): The stock opened at $11.18 on Friday but the bulls could not build on the opening and the stock topped out at $11.71 for the day. The stock traded down to $10.93 during the day, due to lack of any buying support eventually closed down at $11.27 with a loss of -6.32% for the day. The stock had closed at $12.03 on the previous day. The total traded volume was 36,756,820 shares.

The company shares have dropped -29.34% from its 1 Year high price. On Oct 9, 2015, the shares registered one year high at $17.19 and the one year low was seen on Feb 24, 2016. The 50-Day Moving Average price is $10.36 and the 200 Day Moving Average price is recorded at $10.39.

Transocean Ltd. (NYSE:RIG) has tumbled 0.35% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 14.42% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 1.3% and the outperformance has advanced to 17.88% for the last 4 weeks period.

Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Companys primary business is to contract its drilling rigs, related equipment and work crews primarily on a day rate basis to drill oil and gas wells. The Company specializes in technically demanding regions of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services. The Companys mobile offshore drilling fleet consists of floaters and high-specification jackups used in support of offshore drilling activities and offshore support services on a worldwide basis. The Company owned or had partial ownership interests in and operated 71 mobile offshore drilling units and its fleet consisted of 44 high-specification floaters (ultra-deepwater, deepwater and harsh environment semisubmersibles and drillships), 17 midwater floaters and 10 high-specification jackups.

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