Short Interest Update on North Atlantic Drilling Ltd. (NADL)

North Atlantic Drilling Ltd. (NADL) has 960,284 shares of shorts outstanding as on August 15, 2016, with 6 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 1,017,656 shares. The stock has a decent trading volume of 163,356 shares daily. The marginal decrease in the short positions is by -5.6%, which amounts to -57,372 shares. Short positions are 14.2% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.

North Atlantic Drilling Ltd. (NYSE:NADL): The stock opened at $4.16 on Wednesday but the bulls could not build on the opening and the stock topped out at $4.23 for the day. The stock traded down to $3.88 during the day, due to lack of any buying support eventually closed down at $4.13 with a loss of -1.90% for the day. The stock had closed at $4.21 on the previous day. The total traded volume was 198,377 shares.


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