Cimarex Energy Co (XEC) has 2,465,858 shares of shorts outstanding as on August 15, 2016, with 3 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 2,580,656 shares. The stock has a decent trading volume of 933,966 shares daily. The marginal decrease in the short positions is by -4.4%, which amounts to -114,798 shares. Short positions are 2.6% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.
Cimarex Energy Co (NYSE:XEC): The stock opened at $132.09 on Wednesday but the bulls could not build on the opening and the stock topped out at $133.82 for the day. The stock traded down to $131.52 during the day, due to lack of any buying support eventually closed down at $132.25 with a loss of -0.37% for the day. The stock had closed at $132.74 on the previous day. The total traded volume was 486,523 shares.
In a related news, The (Executive VP, COO), of Cimarex Energy Co, Albi Joseph R had unloaded 1,500 shares at $130.5 per share in a transaction on August 18, 2016. The total value of transaction was $195,750. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Cimarex Energy Co. (Cimarex) is an independent oil and gas exploration and production company. Its operations are located mainly in Oklahoma, Texas and New Mexico. The Companys exploration and production (E&P) activities take place primarily in two areas: the Permian Basin and the Mid-Continent region. The Permian region encompasses west Texas and southeast New Mexico. Cimarexs Permian Basin efforts are located in the western half of the Permian Basin known as the Delaware Basin. In 2014, the Company focused on drilling horizontal wells that yielded oil and liquids-rich gas from the Wolfcamp shale, the Bone Spring formation, and the Avalon shale. The Permian region produced 399 Million cubic feet equivalent (MMcfe) per day in 2014.The Companys Mid-Continent region consists of Oklahoma and the Texas Panhandle. The Mid-Continent region produced around 451.2 MMcfe per day.