Cenovus Energy Inc June 15th Short Interest Update

Cenovus Energy Inc (NYSE:CVE), A reduction of 216,623 shares or 2.1% was observed in the short interest of Cenovus Energy Inc The interest on June 15,2016 came in at 10,090,099 shares and as per the average daily trading of 1,873,446 shares, the days to cover are 5. The reduced interest is 1.2% of the floated shares. The data of May 31,2016 put the interest at 10,306,722 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Cenovus Energy Inc (NYSE:CVE): The stock opened at $13.63 on Friday but the bulls could not build on the opening and the stock topped out at $14.33 for the day. The stock traded down to $13.51 during the day, due to lack of any buying support eventually closed down at $13.74 with a loss of -6.40% for the day. The stock had closed at $14.68 on the previous day. The total traded volume was 2,311,712 shares.

The company shares have dropped -14.02% from its 1 Year high price. On Oct 9, 2015, the shares registered one year high at $17.23 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $14.85 and the 200 Day Moving Average price is recorded at $13.19.

Cenovus Energy Inc (NYSE:CVE) has tumbled 2.21% during the past week and has dropped 11.18% 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 0.58%. Cenovus Energy Inc (NYSE:CVE) has underperformed the index by 8.5% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Cenovus Energy Inc. is a Canada-based integrated oil company. The Company is engaged in the development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas in Canada with refining operations in the United States. The Company operates in four segments: Oil Sands segment, engaged in the development and production of Cenovuss bitumen assets at Foster Creek, Christina Lake and Narrows Lake, as well as projects in the early-stages of development, such as Grand Rapids and Telephone Lake, and Athabasca natural gas assets; Conventional segment, engaged in the development and production of conventional crude oil, natural gas liquids (NGLs) and natural gas in Alberta and Saskatchewan, including the heavy oil assets at Pelican Lake; Refining and Marketing segment, engaged in the transporting, selling and refining crude oil into petroleum and chemical products.

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