Diamond Offshore Drilling (NYSE:DO), According to the latest information the short interest in Diamond Offshore Drilling shot up by 1.5% or 227,462 shares. The final shorts are 11.6% of the total floated shares. The positions increased from 15,664,664 shares on May 31,2016 to 15,892,126 on June 15,2016. According to the per-day average trading of 2,192,269 shares, the days to cover are 7. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Diamond Offshore Drilling (NYSE:DO): The stock opened at $24.30 on Friday but the bulls could not build on the opening and the stock topped out at $25.04 for the day. The stock traded down to $24.30 during the day, due to lack of any buying support eventually closed down at $24.60 with a loss of -4.87% for the day. The stock had closed at $25.86 on the previous day. The total traded volume was 2,600,478 shares.
The company shares have dropped -4.73% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $26.84 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $24.59 and the 200 Day Moving Average price is recorded at $21.66.
Diamond Offshore Drilling (NYSE:DO) has tumbled 0.61% during the past week and has dropped 2.07% in the last 4 week period. In the past week, the company has outperformed the S&P 500 by 1.04% and the outperformance has advanced to 0.89% for the last 4 weeks period.
Diamond Offshore Drilling, Inc. is a company engaged in offshore drilling and providing contract drilling services to the energy industry. The Company has a fleet of 38 offshore drilling rigs, including 27 semisubmersibles, six jack-ups and five drillships. The Companys diverse fleet enables the Company to offer a range of services around the world in both the floater market (ultra-deepwater, deepwater and mid-water) and the non-floater, or jack-up, market. The Companys floater fleet (semisubmersibles and drillships) is of three types: ultra-deepwater, deepwater, and mid-water. Jack-up rigs are mobile, self-elevating drilling platforms equipped with legs that are lowered to the ocean floor. The Companys jack-ups are used for drilling in water depths from 20 feet to 350 feet. All of the Companys jack-up rigs are equipped with a cantilever system that enables the rig to extend its drilling package over the aft end of the rig.