Short Interest Update on Crescent Point Energy Corporation (CPG)

Crescent Point Energy Corporation (CPG) : Traders are negative on Crescent Point Energy Corporation (CPG), as it has 0.6% of short positions outstanding compared to its float. The total shorts have reduced by -878,181 shares, which is a -21.3% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,4,132,014 to 3,253,833 shares. While the daily trading volume of the stock is 597,834, there are 5 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

Crescent Point Energy Corporation (NYSE:CPG): The stock opened at $16.38 on Wednesday but the bulls could not build on the opening and the stock topped out at $16.57 for the day. The stock traded down to $15.97 during the day, due to lack of any buying support eventually closed down at $15.98 with a loss of -3.15% for the day. The stock had closed at $16.50 on the previous day. The total traded volume was 614,203 shares.


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