Eclipse Resources Corporation (ECR) : The short interest in Eclipse Resources Corporation (ECR) has increased from 4,634,807 to 5,132,235 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 1,786,634 shares are traded daily in the stock and only 3 days are left for the shorts to cover. The short open interest is 6.1% of the total shares in the hands of the public. The shorts in the stock have gone up by 497,428 shares, which is an increase of 10.7% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
Eclipse Resources Corporation (NYSE:ECR): The stock opened at $3.54 on Wednesday but the bulls could not build on the opening and the stock topped out at $3.61 for the day. The stock traded down to $3.44 during the day, due to lack of any buying support eventually closed down at $3.45 with a loss of -3.63% for the day. The stock had closed at $3.58 on the previous day. The total traded volume was 1,639,123 shares.
In a related news, Hulburt Benjamin Ward, director officer (President and CEO) of Eclipse Resources Corp, unloaded 58,979 shares at an average price of $3.59 on August 17, 2016. The total amount of the transaction was worth $211,735, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Eclipse Resources Corporation (Eclipse) is an independent exploration and production company. The Company is engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin. It has assembled an acreage position approximating 221,700 net acres in Eastern Ohio. Approximately 100,700 of its net acres are located in the Utica Shale fairway, which it refers to as the Utica Core Area, and approximately 27,250 of these net acres are also prospective for the area of the Marcellus Shale in Eastern Ohio within what it refers to as its Marcellus Project Area. The Company is the operator of approximately 85% of its net acreage within the Utica Core Area and its Marcellus Project Area. Eclipse has identified approximately 3,112 gross (810 net) remaining horizontal drilling locations across its acreage, which comprises 605 locations within the Utica Core Area and 205 locations within its Marcellus Project Area.