The short interest in Noble Energy (NYSE:NBL) has increased from 12,218,568 on May 31,2016 to 12,309,359 on June 15,2016. The change was measured at 90,791 shares or 0.7%. The leftover shorts were 2.9% of the floated shares. The days to cover are 3, given the average daily volume of 3,811,328 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Noble Energy (NYSE:NBL): The stock opened at $35.05 on Friday but the bulls could not build on the opening and the stock topped out at $35.97 for the day. The stock traded down to $34.88 during the day, due to lack of any buying support eventually closed down at $35.09 with a loss of -5.03% for the day. The stock had closed at $36.95 on the previous day. The total traded volume was 3,765,206 shares.
The company shares have dropped -17.75% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $44.51 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $36.08 and the 200 Day Moving Average price is recorded at $32.81.
Noble Energy (NYSE:NBL) has tumbled 4.91% during the past week and has dropped 2.2% in the last 4 week period. The stocks have underperformed the S&P 500 by 3.33% during the past week but Noble Energy (NYSE:NBL) it has outperformed the index in 4 weeks by 0.76%.
Noble Energy, Inc. is an independent energy company engaged in crude oil, natural gas and natural gas liquids exploration and production. Its operations are grouped into four components: the United States; West Africa (Equatorial Guinea, Cameroon, Gabon and Sierra Leone; Eastern Mediterranean (Israel and Cyprus), and Other International and Corporate. Its assets in the United States include DJ Basin, Marcellus Shale, Deepwater Gulf of Mexico and Other Onshore US. The onshore West Africa includes the Alba field, Block O and Block I offshore Equatorial Guinea, the YoYo mining concession and Tilapia PSC, offshore Cameroon, two blocks offshore Sierra Leone, and one block offshore Gabon. In the Eastern Mediterranean, it has six leases and five licenses operated offshore Israel and one license operated offshore Cyprus. Other International includes various international new ventures, such as offshore Nicaragua and offshore Falkland Islands.