Bill Barrett Corporation June 15th Short Interest Update

The short interest in Bill Barrett Corporation (NYSE:BBG) has declined from 6,954,618 on May 31,2016 to 6,770,778 on June 15,2016. The change was measured at 183,840 shares or 2.6%. The leftover shorts were 14% of the floated shares. The days to cover are 5, given the average daily volume of 1,504,333 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Bill Barrett Corporation (NYSE:BBG): The stock opened at $6.98 on Friday but the bulls could not build on the opening and the stock topped out at $7.16 for the day. The stock traded down to $6.74 during the day, due to lack of any buying support eventually closed down at $6.86 with a loss of -7.05% for the day. The stock had closed at $7.38 on the previous day. The total traded volume was 2,143,864 shares.

The company shares have dropped -18.62% from its 1 Year high price. On Apr 27, 2016, the shares registered one year high at $9.38 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $7.38 and the 200 Day Moving Average price is recorded at $5.50.

Bill Barrett Corporation (NYSE:BBG) has tumbled 4.06% during the past week and has dropped 0.44% in the last 4 week period. The stocks have underperformed the S&P 500 by 2.46% during the past week but Bill Barrett Corporation (NYSE:BBG) it has outperformed the index in 4 weeks by 2.58%.

Bill Barrett Corporation is an independent energy company that develops, acquires and explores for oil and natural gas resources. As of December 31, 2014, the Company had two key areas of production: The Denver-Julesburg Basin (DJ Basin) and the Uinta Oil Program in the Uinta Basin. The Companys acreage positions in the DJ Basin are predominantly located in Colorados eastern plains and parts of southeastern Wyoming. As of December 31, 2014, DJ Basins estimated proved reserves were 73.1 MMBoe (million barrels of oil equivalent). DJ Basins had interests in 388 gross (250.2 net) producing wells as of December 31, 2014. The Uinta Basin is located in northeastern Utah. As of December 31, 2014, Uinta Basins estimated proved reserves were 48.1 MMBoe (million barrels of oil equivalent). Uinta Basin had interests in 350 gross (200.8 net) producing wells as of December 31, 2014.

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