Carrizo Oil & Gas (NASDAQ:CRZO) has witnessed a drop of 2.4% or 202,812 shares in its short figure. The short interest diminution took it from 8,399,830 on May 31,2016 to 8,197,018 on June 15,2016. In terms of floated shares, the short interest was calculated to be 14.9%. The days to cover are 7 given that the daily volume averaged 1,213,252 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Carrizo Oil & Gas (NASDAQ:CRZO): The stock opened at $38.73 on Friday but the bulls could not build on the opening and the stock topped out at $39.55 for the day. The stock traded down to $37.06 during the day, due to lack of any buying support eventually closed down at $37.39 with a loss of -8.72% for the day. The stock had closed at $40.96 on the previous day. The total traded volume was 3,413,641 shares.
The company shares have dropped -23.52% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $50.59 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $37.75 and the 200 Day Moving Average price is recorded at $30.58.
Carrizo Oil & Gas (NASDAQ:CRZO) has tumbled 5.75% during the past week and has dropped 1.35% in the last 4 week period. The stocks have underperformed the S&P 500 by 4.18% during the past week but Carrizo Oil & Gas (NASDAQ:CRZO) it has outperformed the index in 4 weeks by 1.64%.
Carrizo Oil & Gas, Inc. (Carrizo) is an energy company. The Company is engaged in the exploration, development and production of oil and gas from resource plays located in the United States. Its operations are focused in proven, producing oil and gas plays in the Eagle Ford Shale in South Texas, the Utica Shale in Ohio, the Niobrara Formation in Colorado and the Marcellus Shale in Pennsylvania. The Companys core Eagle Ford properties are located in LaSalle County in McMullen, Frio and Atascosa counties in Texas. It has joint venture arrangements with GAIL GLOBAL (USA) INC. (GAIL), which is a wholly owned subsidiary of GAIL (India) Limited. The Company serves as an operator of the properties covered by its Niobrara joint venture arrangements. The Companys activities in the Marcellus are conducted through two joint ventures.