The short interest in Range Resources Corporation (NYSE:RRC) has increased from 19,458,149 on May 31,2016 to 21,119,272 on June 15,2016. The change was measured at 1,661,123 shares or 8.5%. The leftover shorts were 12.8% of the floated shares. The days to cover are 6, given the average daily volume of 3,546,125 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Range Resources Corporation (NYSE:RRC): The stock opened at $43.20 on Friday but the bulls could not build on the opening and the stock topped out at $44.78 for the day. The stock traded down to $43.00 during the day, due to lack of any buying support eventually closed down at $43.32 with a loss of -4.67% for the day. The stock had closed at $45.44 on the previous day. The total traded volume was 3,404,648 shares.
The company shares have dropped -10.88% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $50.25 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $42.83 and the 200 Day Moving Average price is recorded at $32.88.
Range Resources Corporation (NYSE:RRC) has tumbled 2.21% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 4.74% in the last four weeks. The stocks have underperformed the S&P 500 by 0.59% during the past week but Range Resources Corporation (NYSE:RRC) it has outperformed the index in 4 weeks by 7.91%.
Range Resources Corporation (Range) is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company is engaged in the engaged in the exploration, development and acquisition of natural gas and oil properties, mostly in the Appalachian and Midcontinent regions of the United States. The Companys properties consist of interests in developed and undeveloped natural gas and oil leases in these regions. These interests are mostly in the form of working interests and, to a lesser extent, royalty and overriding royalty interests. The Companys activities in the Midcontinent region include drilling, production and field operations in the Texas Panhandle, as well as in the Anadarko Basin of western Oklahoma, the Nemaha Uplift of northern Oklahoma and Kansas, the Permian Basin of West Texas and Mississippi.