Gulfport Energy Corporation June 15th Short Interest Update

Gulfport Energy Corporation (NASDAQ:GPOR), A drop of 639,154 shares or 8.5% was seen in the short interest of Gulfport Energy Corporation. Even as the interest dropped from 7,500,991 shares on May 31,2016 to 6,861,837 shares on June 15,2016, the days to cover came in at 4. The updated interest stood at 5.5% of the stocks floats. The stock has seen an average daily volume of 1,877,769 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Gulfport Energy Corporation (NASDAQ:GPOR): The stock opened at $31.02 on Friday but the bulls could not build on the opening and the stock topped out at $32.00 for the day. The stock traded down to $30.85 during the day, due to lack of any buying support eventually closed down at $31.04 with a loss of -4.64% for the day. The stock had closed at $32.55 on the previous day. The total traded volume was 2,266,747 shares.

The company shares have dropped -21.38% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $40.59 and the one year low was seen on Dec 14, 2015. The 50-Day Moving Average price is $31.10 and the 200 Day Moving Average price is recorded at $27.58.

Gulfport Energy Corporation (NASDAQ:GPOR) has tumbled 5.71% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.51% in the last four weeks. The stocks have underperformed the S&P 500 by 4.15% during the past week but Gulfport Energy Corporation (NASDAQ:GPOR) it has outperformed the index in 4 weeks by 5.61%.

Gulfport Energy Corporation (Gulfport) is an independent oil and natural gas exploration and production company focused on the exploration, exploitation, acquisition and production of crude oil, natural gas liquids and natural gas in the United States. It has developed an oil and natural gas portfolio of proved reserves, as well as development and exploratory drilling opportunities on conventional and unconventional oil and natural gas prospects. The Companys principal properties are located in the Utica Shale primarily in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB), and Hackberry fields. In addition, the Company has producing properties in the Niobrara Formation of Northwestern Colorado and the Bakken Formation. It also holds an acreage position in the Alberta oil sands in Canada through its interest in Grizzly Oil Sands ULC (Grizzly), and interests in entities that operate in Southeast Asia, including the Phu Horm gas field in Thailand.

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