Semgroup Corporation (NYSE:SEMG) has seen a rise of 1,116,938 shares or 52.6% in the short interest. The remaining shorts are 7.4% of the total floated shares. The net short interest, as on June 15,2016, stood at 3,240,332 shares and the stocks days to cover will be 4 by factoring in the average per day volume of 835,745 shares. On May 31,2016, 2,123,394 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Semgroup Corporation (NYSE:SEMG): The stock opened at $30.69 on Friday but the bulls could not build on the opening and the stock topped out at $31.84 for the day. The stock traded down to $30.58 during the day, due to lack of any buying support eventually closed down at $31.28 with a loss of -5.10% for the day. The stock had closed at $32.96 on the previous day. The total traded volume was 2,263,932 shares.
The company shares have dropped -60.55% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $81.31 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $30.70 and the 200 Day Moving Average price is recorded at $25.04.
Semgroup Corporation (NYSE:SEMG) has climbed 4.72% in the past week and advanced 6.03% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 6.46% and the outperformance has advanced to 9.24% for the last 4 weeks period.
SemGroup Corporation is a provider of gathering, transportation, storage, distribution, marketing and other midstream services primarily to independent producers, refiners of petroleum products and other market participants located in the Midwest and Rocky Mountain regions of the United States and Canada. The Company also maintains and operates storage, terminal and marine facilities at Milford Haven in the United Kingdom that enable customers to supply petroleum products to markets in the Atlantic Basin. It also operates a network of liquid asphalt cement terminals throughout Mexico. The Company conducts its operations through six segments: Crude, SemStream, SemLogistics, SemCAMS, SemMexico and SemGas.