Sanchez Energy Corporation (NYSE:SN), According to the latest information the short interest in Sanchez Energy Corporation shot up by 13.8% or 1,013,427 shares. The final shorts are 15.2% of the total floated shares. The positions increased from 7,351,234 shares on May 31,2016 to 8,364,661 on June 15,2016. According to the per-day average trading of 2,163,546 shares, the days to cover are 4. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Sanchez Energy Corporation (NYSE:SN): The stock opened at $7.45 on Friday but the bulls could not build on the opening and the stock topped out at $7.64 for the day. The stock traded down to $7.23 during the day, due to lack of any buying support eventually closed down at $7.44 with a loss of -7.23% for the day. The stock had closed at $8.02 on the previous day. The total traded volume was 3,882,385 shares.
The company shares have dropped -22.82% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $9.95 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $8.11 and the 200 Day Moving Average price is recorded at $5.60.
Sanchez Energy Corporation (NYSE:SN) has tumbled 2.87% during the past week and has dropped 5.22% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.26%. Sanchez Energy Corporation (NYSE:SN) has underperformed the index by 2.36% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Sanchez Energy Corporation is an independent exploration and production company focused on the acquisition and development of unconventional oil and natural gas resources in the onshore United States Gulf Coast. The Company focuses on the Eagle Ford Shale in South Texas and the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana. In the Eagle Ford Shale, the Company has assembled approximately 226,000 net leasehold acres with an average working interest of approximately 93%. In the TMS, the Company owns approximately 40,000 net undeveloped acres in Southwest Mississippi and Southeast Louisiana.