Emerge Energy Services LP (NYSE:EMES) stated gains of 1,166,350 shares or 70.9% in the short interest. The short interest registered from 1,644,173 on May 31,2016 to 2,810,523 on June 15,2016. In terms of floated shares, the shorted positions stood at 18.4%. The stock has been averaging 2,552,069 shares daily in trading and would need 1 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Emerge Energy Services LP (NYSE:EMES): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.68 and $12.16 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.06, notching a gain of 13.47% for the day. The total traded volume was 3,145,486 . The stock had closed at $11.51 on the previous day.
The company shares have dropped -63.87% from its 1 Year high price. On Jul 2, 2015, the shares registered one year high at $37.57 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $6.63 and the 200 Day Moving Average price is recorded at $4.96.
Emerge Energy Services LP (NYSE:EMES) has climbed 28.67% in the past week and advanced 183.3% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 30.81% and the outperformance has advanced to 191.87% for the last 4 weeks period.
Emerge Energy Services LP (Emerge) owns, operates, acquires and develops a diversified portfolio of energy service assets. The Company operates in segments: Sand segment and Fuel segment. Through its Sand segment, the Company is engaged in the businesses of mining, processing, and distributing silica sand, a key input for the hydraulic fracturing of oil and natural gas wells. Its Fuel segment processes transmix, distributes refined motor fuels and renewable fuels, operates bulk motor fuel storage terminals, and provides complementary services. The Company We conducts its Sand operations through its subsidiary, Superior Silica Sands LLC (SSS) and its Fuel operations through its subsidiaries Direct Fuels LLC (Direct Fuels), Allied Energy Company LLC (AEC) and Emerge Energy Distributors Inc. (Distributor).