Weatherford International plc (NYSE:WFT) has witnessed a rise of 59.9% or 25,367,316 shares in its short figure. The short interest augmentation took it from 42,364,662 on May 31,2016 to 67,731,978 on June 15,2016. In terms of floated shares, the short interest was calculated to be 7.7%. The days to cover are 2 given that the daily volume averaged 36,228,479 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Weatherford International plc (NYSE:WFT): The stock opened at $5.90 on Friday but the bulls could not build on the opening and the stock topped out at $6.10 for the day. The stock traded down to $5.80 during the day, due to lack of any buying support eventually closed down at $5.91 with a loss of -6.04% for the day. The stock had closed at $6.29 on the previous day. The total traded volume was 24,969,121 shares.
The company shares have dropped -51.95% from its 1 Year high price. On Jun 30, 2015, the shares registered one year high at $12.39 and the one year low was seen on May 20, 2016. The 50-Day Moving Average price is $5.88 and the 200 Day Moving Average price is recorded at $6.92.
Weatherford International plc (NYSE:WFT) has tumbled 1.01% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 6.3% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.64% and the outperformance has advanced to 9.51% for the last 4 weeks period.