Western Refining (NYSE:WNR) has seen a rise of 554,253 shares or 4.2% in the short interest. The remaining shorts are 20.7% of the total floated shares. The net short interest, as on June 15,2016, stood at 13,696,995 shares and the stocks days to cover will be 5 by factoring in the average per day volume of 2,750,895 shares. On May 31,2016, 13,142,742 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Western Refining (NYSE:WNR): The stock opened at $19.47 on Friday but the bulls could not build on the opening and the stock topped out at $19.83 for the day. The stock traded down to $19.25 during the day, due to lack of any buying support eventually closed down at $19.32 with a loss of -4.59% for the day. The stock had closed at $20.25 on the previous day. The total traded volume was 5,883,757 shares.
The company shares have dropped -54.85% from its 1 Year high price. On Aug 12, 2015, the shares registered one year high at $50.71 and the one year low was seen on Jun 14, 2016. The 50-Day Moving Average price is $21.25 and the 200 Day Moving Average price is recorded at $28.30.
Stocks of Western Refining (NYSE:WNR) rallied by 2.71% during the past week but lost 11.01% on a 4-week basis. The company has outperformed the S&P 500 by 4.42% in the past week but underperformed the index by 8.32% in the last 4 weeks.
Western Refining, Inc. (Western) is an independent crude oil refiner and marketer of refined products. The Company operates through four business segments: refining, Northern Tier Energy LP (NTI), Western Refining Logistics, LP (WNRL) and retail. The Companys refining segment owns and operates two refineries in the Southwest that process crude oil and other feedstocks primarily into gasoline, diesel fuel, jet fuel and asphalt. The NTI segment owns and operates refining and transportation assets and operates and supports retail convenience stores primarily in the Upper Great Plains region of the United States. The WNRL segment owns and operates terminal, storage, transportation and provides related services primarily to its refining segment in the Southwest. The retail segment operates retail convenience stores and unmanned commercial fleet fueling locations located in the Southwest. The retail convenience stores sell gasoline, diesel fuel and convenience store merchandise.