Helmerich & Payne June 15th Short Interest Update

Helmerich & Payne (NYSE:HP) reported a rise of 6.3% or 1,527,054 shares in its short interest. The short figure came in at 24.5% of the total floats. The average daily volume of 2,056,781 shares suggests that the days to cover 25,677,034 short positions, as on June 15,2016, will be 12. On May 31,2016, the short interest was 24,149,980 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Helmerich & Payne (NYSE:HP): The stock opened at $66.28 on Friday but the bulls could not build on the opening and the stock topped out at $67.25 for the day. The stock traded down to $65.72 during the day, due to lack of any buying support eventually closed down at $66.09 with a loss of -4.45% for the day. The stock had closed at $69.17 on the previous day. The total traded volume was 2,124,006 shares.

The company shares have dropped -5.36% from its 1 Year high price. On Jun 30, 2015, the shares registered one year high at $70.95 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $62.19 and the 200 Day Moving Average price is recorded at $56.64.

Helmerich & Payne (NYSE:HP) has tumbled 0.2% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 9.08% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 1.46% and the outperformance has advanced to 12.38% for the last 4 weeks period.

Helmerich & Payne, Inc. is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Companys contract drilling business consists of three business segments: U.S. Land, Offshore and International Land. Its U.S. Land segment operates drilling operations in Oklahoma, California, Texas, Wyoming, Colorado, Louisiana, Mississippi, Pennsylvania, Ohio, Utah, New Mexico, Montana, North Dakota, West Virginia and Nevada. Its offshore operations are conducted in the Gulf of Mexico and Equatorial Guinea. Its International Land segment operates in seven international locations, including Ecuador, Colombia, Argentina, Tunisia, Bahrain, the United Arab Emirates and Mozambique. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.

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