Canadian Natural Resources Limited (NYSE:CNQ) has shown a drop of 12.6% or 2,296,872 shares in the short positions. The bets have increased to 16,004,375 shares on June 15,2016 from 18,301,247 shares on May 31,2016. With respect to the floated shares, the shorts are 1.5%. The days to cover are calculated to be 6, using the standard per day volume of 2,785,497 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Canadian Natural Resources Limited (NYSE:CNQ): The stock opened at $29.17 on Friday but the bulls could not build on the opening and the stock topped out at $30.12 for the day. The stock traded down to $29.04 during the day, due to lack of any buying support eventually closed down at $29.91 with a loss of -3.17% for the day. The stock had closed at $30.89 on the previous day. The total traded volume was 3,517,548 shares.
The company shares have rallied 9.76% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $32.02 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $29.35 and the 200 Day Moving Average price is recorded at $25.02.
Canadian Natural Resources Limited (NYSE:CNQ) has climbed 1.73% in the past week and advanced 0.3% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.42% and the outperformance has advanced to 3.34% for the last 4 weeks period.
Canadian Natural Resources Limited is an independent crude oil and natural gas producer. The Companys diversified, balanced resource base consists of both dry and liquids-rich natural gas, heavy crude oil, bitumen, medium and light crude oil and synthetic crude oil. Its reserves were approximately 8.89 billion barrel of oil equivalent. Its segments include North America, North Sea, Offshore Africa, Oil Sands Mining and Upgrading, and Midstream. It has a portfolio of assets with production and development of both natural gas and crude oil. North America serve as its main operations with international exposure provided through operations in the United Kingdom portion of the North Sea and Offshore Africa.