Continental Resources (NYSE:CLR) has seen a shortfall of 837,861 shares or 3.5% in the short interest. The remaining shorts are 27.1% of the total floated shares. The net short interest, as on June 15,2016, stood at 23,399,796 shares and the stocks days to cover will be 8 by factoring in the average per day volume of 2,800,731 shares. On May 31,2016, 24,237,657 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Continental Resources (NYSE:CLR): The stock opened at $43.50 on Friday but the bulls could not build on the opening and the stock topped out at $44.90 for the day. The stock traded down to $43.20 during the day, due to lack of any buying support eventually closed down at $43.50 with a loss of -5.19% for the day. The stock had closed at $45.88 on the previous day. The total traded volume was 4,502,880 shares.
The company shares have rallied 3.37% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $45.92 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $41.84 and the 200 Day Moving Average price is recorded at $30.01.
Continental Resources (NYSE:CLR) has climbed 2.04% in the past week and advanced 3.92% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.73% and the outperformance has advanced to 7.06% for the last 4 weeks period.
Continental Resources, Inc. is an independent crude oil and natural gas exploration and production company. The Company owns properties in the North, South and East regions of the United States. The North region consists of properties north of Kansas and west of the Mississippi River and includes North Dakota Bakken, Montana Bakken and the Red River units. The Bakken field of North Dakota and Montana is a crude oil resource play. The South region includes Kansas and all properties south of Kansas and west of the Mississippi River, including various plays in the South Central Oklahoma Oil Province (SCOOP), Northwest Cana and Arkoma areas of Oklahoma. The East region comprises undeveloped leasehold acreage east of the Mississippi River.