Delek US Holdings (DK) : The traders have covered their outstanding shorts in Delek US Holdings (DK) to the tune of -431,648 shares, a change of -7.2%. As on Jul 29, 2016, the outstanding shorts on the stock were 5,980,112 shares, however, by August 15, 2016, the shorts had reduced to 5,548,464 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 10.1% of the free float of the stock. It takes 3 days to cover the outstanding short positions. The stock has an average daily volume of 1,753,547 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Delek US Holdings (NYSE:DK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.85 and $16.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.03, notching a gain of 0.71% for the day. The total traded volume was 748,738 . The stock had closed at $16.91 on the previous day.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Delek Us Holdings, Inc., Finnerty William J had purchased shares worth of $26,200 in a transaction dated on November 11, 2015. A total of 1,000 shares were purchased at a price of $26.2 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Delek US Holdings, Inc. (Delek) is an integrated energy business focused on petroleum refining, the transportation, storage and wholesale of crude oil and intermediate and refined products and convenience store retailing. The Company operates through three operating segments: Refining, Logistics and Retail. The Companys Refining Segment operates independent refineries in Tyler, Texas (the Tyler refinery) and El Dorado, Arkansas (the El Dorado refinery) with a combined design crude distillation capacity of 140,000 barrels per day (bpd). The Logistics Segment gathers, transports and stores crude oil and markets, distributes, transports and stores refined products in select regions of the southeastern United States and west Texas for both its refining segment and third parties. The Companys Retail Segment markets gasoline, diesel, other refined petroleum products and convenience merchandise.