Atwood Oceanics June 15th Short Interest Update

Atwood Oceanics (NYSE:ATW), A reduction of 114,885 shares or 0.5% was observed in the short interest of Atwood Oceanics The interest on June 15,2016 came in at 24,476,091 shares and as per the average daily trading of 3,596,733 shares, the days to cover are 7. The reduced interest is 38.1% of the floated shares. The data of May 31,2016 put the interest at 24,590,976 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Atwood Oceanics (NYSE:ATW): The stock opened at $12.40 on Friday but the bulls could not build on the opening and the stock topped out at $12.76 for the day. The stock traded down to $12.05 during the day, due to lack of any buying support eventually closed down at $12.25 with a loss of -7.69% for the day. The stock had closed at $13.27 on the previous day. The total traded volume was 3,444,950 shares.

The company shares have dropped -53.96% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $27.59 and the one year low was seen on Feb 3, 2016. The 50-Day Moving Average price is $11.40 and the 200 Day Moving Average price is recorded at $9.27.

Atwood Oceanics (NYSE:ATW) has tumbled 0.65% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 16% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 1% and the outperformance has advanced to 19.51% for the last 4 weeks period.

Atwood Oceanics, Inc. is a global offshore drilling contractor engaged in the drilling and completion of exploratory and developmental oil and gas wells. The Company has a fleet of approximately 13 mobile offshore drilling units located around the world. The Companys fleet includes Ultra-Deepwater Rigs, Deepwater Semisubmersibles and Jackups. Its segment Offshore Contract Drilling Services consists of mobile offshore drilling units and related equipment comprising its offshore rig fleet. Its segment conducts offshore contract drilling operations located in the United States, Gulf of Mexico, the Mediterranean Sea, offshore West Africa, offshore Southeast Asia and offshore Australia. The Companys projects are Atwood Advantage, Atwood Achiever, Atwood Admiral and Atwood Archer. The Atwood Advantage, Atwood Achiever, Atwood Admiral and Atwood Archer are DP-3 dynamically-positioned, dual derrick, ultra-deepwater drillships rated to operate in water depths approximately up to 12,000 feet.

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