Comstock Resources (NYSE:CRK) has seen a shortfall of 899,471 shares or 13.8% in the short interest. The remaining shorts are 12.7% of the total floated shares. The net short interest, as on June 15,2016, stood at 5,606,955 shares and the stocks days to cover will be 4 by factoring in the average per day volume of 1,563,739 shares. On May 31,2016, 6,506,426 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Comstock Resources (NYSE:CRK): The stock opened at $0.80 on Friday but the bulls could not build on the opening and the stock topped out at $0.85 for the day. The stock traded down to $0.78 during the day, due to lack of any buying support eventually closed down at $0.80 with a loss of -10.84% for the day. The stock had closed at $0.90 on the previous day. The total traded volume was 2,932,390 shares.
The company shares have dropped -76.19% from its 1 Year high price. On Sep 3, 2015, the shares registered one year high at $4.07 and the one year low was seen on May 25, 2016. The 50-Day Moving Average price is $0.77 and the 200 Day Moving Average price is recorded at $1.07.
Comstock Resources (NYSE:CRK) has tumbled 13.89% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 29.57% in the last four weeks. The stocks have underperformed the S&P 500 by 12.46% during the past week but Comstock Resources (NYSE:CRK) it has outperformed the index in 4 weeks by 33.49%.
Comstock Resources, Inc. is an energy company engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Companys oil and gas operations are concentrated in Texas and Louisiana. Its operations are focused in two operating areas: East Texas/North Louisiana and South Texas. The Companys properties in the East Texas/North Louisiana region include approximately 81,294 acres in the Haynesville or Bossier shale formations. The Companys Eagleville field includes approximately 31,459 acres located in the oil window of the Eagle Ford shale in South Texas. The Company also has approximately 35,322 acres in the oil window of the Eagle Ford shale in or near Burleson County, Texas. It has approximately 91,208 acres in Mississippi and Louisiana. The Company owns interests in around 1,596 producing oil and natural gas wells and operates 962 of these wells.