OGE Energy Corporation June 15th Short Interest Update

OGE Energy Corporation (NYSE:OGE), According to the latest information the short interest in OGE Energy Corp. plummeted by 17.1% or 1,073,010 shares. The final shorts are 2.6% of the total floated shares. The positions dropped from 6,268,472 shares on May 31,2016 to 5,195,462 on June 15,2016. According to the per-day average trading of 1,251,402 shares, the days to cover are 4. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

OGE Energy Corporation (NYSE:OGE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.66 and $30.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.46, notching a gain of 0.70% for the day. The total traded volume was 2,579,698 . The stock had closed at $31.24 on the previous day.

The company shares have rallied 9.65% from its 1 Year high price. On Jun 24, 2016, the shares registered one year high at $31.65 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $30.73 and the 200 Day Moving Average price is recorded at $27.78.

OGE Energy Corporation (NYSE:OGE) has climbed 1.42% in the past week and advanced 3.83% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.1% and the outperformance has advanced to 6.97% for the last 4 weeks period.

OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas in the south central United States. The Company operates through two business segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas. Its operations are conducted through Oklahoma Gas and Electric Company (OG&E), a wholly owned subsidiary of the Company and an electric utility-based in Oklahoma with its franchised service territory at the Fort Smith, Arkansas area. The natural gas midstream operations segment through its investment in Enable Midstream Partners, LP (Enable), through its wholly owned subsidiary OGE Holdings, which is engaged in the business of gathering, processing, transporting and storing natural gas.

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