Superior Energy Services (NYSE:SPN) reported a rise of 5.9% or 603,484 shares in its short interest. The short figure came in at 7.3% of the total floats. The average daily volume of 3,359,790 shares suggests that the days to cover 10,838,382 short positions, as on June 15,2016, will be 3. On May 31,2016, the short interest was 10,234,898 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Superior Energy Services (NYSE:SPN): The stock opened at $18.43 on Friday but the bulls could not build on the opening and the stock topped out at $18.84 for the day. The stock traded down to $18.38 during the day, due to lack of any buying support eventually closed down at $18.55 with a loss of -4.58% for the day. The stock had closed at $19.44 on the previous day. The total traded volume was 4,212,727 shares.
The company shares have dropped -10.34% from its 1 Year high price. On Jun 30, 2015, the shares registered one year high at $21.11 and the one year low was seen on Feb 24, 2016. The 50-Day Moving Average price is $17.37 and the 200 Day Moving Average price is recorded at $13.57.
Superior Energy Services (NYSE:SPN) has tumbled 1.28% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 6.24% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.36% and the outperformance has advanced to 9.46% for the last 4 weeks period.
Superior Energy Services, Inc. is engaged in exploration, development and production of oil and natural gas. The Company serves national and independent oil and natural gas companies around the world. Its segments include Drilling Products and Services, Onshore Completion and Workover Services, Production Services and Technical Solutions. The Drilling Products and Services segment includes downhole drilling tools and surface rentals. The Onshore Completion and Workover Services segment includes pressure pumping, fluid handling and workover and maintenance services. The Production Services segment includes intervention services and specialized pressure-control tools used for pressure control and intervention operations. The Technical Solutions segment includes products and services that address customer-specific needs with their applications for specialized engineering, manufacturing or project planning.