The short interest in WPX Energy (NYSE:WPX) has declined from 40,745,526 on May 31,2016 to 37,295,916 on June 15,2016. The change was measured at 3,449,610 shares or 8.5%. The leftover shorts were 14% of the floated shares. The days to cover are 3, given the average daily volume of 14,638,890 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
WPX Energy (NYSE:WPX): The stock opened at $9.25 on Friday but the bulls could not build on the opening and the stock topped out at $9.64 for the day. The stock traded down to $8.93 during the day, due to lack of any buying support eventually closed down at $9.06 with a loss of -8.67% for the day. The stock had closed at $9.92 on the previous day. The total traded volume was 14,882,632 shares.
The company shares have dropped -27.11% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $13.02 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $9.77 and the 200 Day Moving Average price is recorded at $6.90.
WPX Energy (NYSE:WPX) has tumbled 4.43% during the past week and has dropped 12.8% 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 2.84%. WPX Energy (NYSE:WPX) has underperformed the index by 10.16% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
WPX Energy, Inc. is an independent natural gas and oil exploration and production company. The Company is engaged in the exploitation and development of unconventional properties. Its areas of operations are the Piceance Basin in the Rocky Mountain region, the Williston Basin in North Dakota and the San Juan Basin in the southwestern United States. It holds over 196,149 net acres in the Piceance Basin, which is located in northwestern Colorado. It operates around 177 wells in the Williston Basin and also owns interest in 19 wells that are operated by others. It holds 85,483 net acres in the Williston Basin. It holds approximately 134,000 net acres in the San Juan Basin. It operates approximately 945 wells in the San Juan Basin and also owns interest in 2,319 wells that are operated by other operators in New Mexico and Colorado. It is also focused on the Delaware Basin, which covers an area of 92,000 net acres and includes the Wolfcamp, Bone Spring, Avalon and Delaware Sands intervals.