Hornbeck Offshore Services (NYSE:HOS) has shown a drop of 11.2% or 837,046 shares in the short positions. The bets have increased to 6,627,981 shares on June 15,2016 from 7,465,027 shares on May 31,2016. With respect to the floated shares, the shorts are 21.2%. The days to cover are calculated to be 8, using the standard per day volume of 800,628 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Hornbeck Offshore Services (NYSE:HOS): The stock opened at $8.54 on Friday but the bulls could not build on the opening and the stock topped out at $8.93 for the day. The stock traded down to $8.47 during the day, due to lack of any buying support eventually closed down at $8.84 with a loss of -4.33% for the day. The stock had closed at $9.24 on the previous day. The total traded volume was 2,189,741 shares.
The company shares have dropped -57.66% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $21.37 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $9.15 and the 200 Day Moving Average price is recorded at $9.06.
Hornbeck Offshore Services (NYSE:HOS) has tumbled 5.86% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 5.49% in the last four weeks. The stocks have underperformed the S&P 500 by 4.3% during the past week but Hornbeck Offshore Services (NYSE:HOS) it has outperformed the index in 4 weeks by 8.68%.
Hornbeck Offshore Services, Inc. is a provider of marine transportation, subsea installation and accommodation support services to exploration and production, oilfield service, offshore construction and the United States military customers. The Company focuses on the provision of marine solutions to meet the needs of the deepwater and ultradeepwater energy industry in domestic and select foreign locations. The Company owns and operates a fleet of United States-flagged OSVs and MPSVs. These vessels support the deep-well, deepwater and ultra-deepwater activities of the offshore oil and gas industry. The Company operates in three core geographic markets: the Gulf of Mexico (GoM), Mexico and Brazil. The Company has operated in the Middle East, the Mediterranean Sea, the Black Sea and the Caribbean basin, including Nicaragua, Guyana, Trinidad and Venezuela. The Company also operates a shore-base support facility located in Port Fourchon, Louisiana.