Abraxas Petroleum Corporation (NASDAQ:AXAS), A reduction of 206,516 shares or 3.1% was observed in the short interest of Abraxas Petroleum Corporation The interest on June 15,2016 came in at 6,367,579 shares and as per the average daily trading of 1,028,183 shares, the days to cover are 6. The reduced interest is 5% of the floated shares. The data of May 31,2016 put the interest at 6,574,095 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Abraxas Petroleum Corporation (NASDAQ:AXAS): The stock was completely flat for the day, closing at $1.12 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $1.05, the stock touched an intraday high of $1.12 and a low of $1.05. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $1.12. The total trading volume on Friday was 2,759,790.
The company shares have dropped -60.56% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $2.95 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $1.22 and the 200 Day Moving Average price is recorded at $1.07.
Abraxas Petroleum Corporation (NASDAQ:AXAS) has tumbled 1.75% during the past week and has dropped 1.75% in the last 4 week period. The stocks have underperformed the S&P 500 by 0.12% during the past week but Abraxas Petroleum Corporation (NASDAQ:AXAS) it has outperformed the index in 4 weeks by 1.22%.
Abraxas Petroleum Corporation is an independent energy company. The Company is primarily engaged in the acquisition, exploration, development and production of oil and gas. As of December 31, 2014, the Companys estimated net proved reserves were 42.4 million barrels of oil equivalent (MMBoe), of which 42% were classified as proved developed, 78% were oil and natural gas liquids (NGL) and 92% of which (on a PV-10 basis) were operated by the Company. The Companys daily net production for the year ended December 31, 2014 was 5,720 barrels of oil equivalent per day (Boepd), of which 77% was oil or liquids. The Companys oil and gas assets are located in three operating regions, the Rocky Mountain, Permian Basin and onshore Gulf Coast.