EXCO Resources NL (NYSE:XCO) reported a rise of 6.5% or 1,381,109 shares in its short interest. The short figure came in at 10.7% of the total floats. The average daily volume of 2,506,544 shares suggests that the days to cover 22,477,291 short positions, as on June 15,2016, will be 9. On May 31,2016, the short interest was 21,096,182 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
EXCO Resources NL (NYSE:XCO): The stock opened at $1.20 on Friday but the bulls could not build on the opening and the stock topped out at $1.32 for the day. The stock traded down to $1.20 during the day, due to lack of any buying support eventually closed down at $1.30 with a loss of -2.26% for the day. The stock had closed at $1.33 on the previous day. The total traded volume was 3,074,780 shares.
The company shares have rallied 8.33% from its 1 Year high price. On Mar 9, 2016, the shares registered one year high at $1.94 and the one year low was seen on Aug 6, 2015. The 50-Day Moving Average price is $1.09 and the 200 Day Moving Average price is recorded at $1.12.
EXCO Resources NL (NYSE:XCO) has climbed 13.04% in the past week and advanced 64.1% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 14.92% and the outperformance has advanced to 69.07% for the last 4 weeks period.
EXCO Resources Inc. is an oil and natural gas company engaged in the exploration, exploitation, acquisition, development and production of onshore United States oil and natural gas properties with a focus on shale resource plays. The Companys principal operations are conducted in certain United States oil and natural gas areas including Texas, Louisiana and the Appalachia region. The Company focuses on the development of its core areas. This includes a portfolio of both oil and natural gas assets that provide the Company the optionality to allocate capital to enhance its returns under various commodity price environments. The Company holds acreage positions in three shale plays in the United States: East Texas and North Louisiana, where it holds around 85,300 net acres in the Haynesville and Bossier shales; South Texas, where it holds approximately 52,900 net acres in the Eagle Ford shale; and Appalachia, where it holds around 157,000 net acres prospective in the Marcellus shale.