NOW (DNOW) : 7 days before expiry, shorts in NOW (DNOW) have reduced from 10,036,956 on Jul 29, 2016, to 9,854,609 on August 15, 2016. On an average, 1,330,871 shares are traded on the exchange. The outstanding bearish positions are equal to 9.3% of the float. Short sellers have covered -182,347 shares, a reduction of -1.8%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
NOW (NYSE:DNOW): The stock opened at $21.34 on Wednesday but the bulls could not build on the opening and the stock topped out at $21.50 for the day. The stock traded down to $21.28 during the day, due to lack of any buying support eventually closed down at $21.40 with a loss of -0.05% for the day. The stock had closed at $21.41 on the previous day. The total traded volume was 1,019,533 shares.
NOW Inc. (NOW) is a global distributor to energy and industrial markets. The Company operates through three segments: United States (U.S.), Canada and International. The Company operates primarily under the DistributionNOW and Wilson Export brands. Its energy product offering is needed throughout all sectors of the oil and gas industry, from upstream drilling and completion, exploration and production (E&P), midstream infrastructure development to downstream petroleum refining, as well as in other industries. It also provides supply chain management to drilling contractors, E&P operators, midstream operators, downstream energy and industrial manufacturing companies around the world. The Companys global product offering includes consumable maintenance, repair and operating (MRO) supplies, pipe, valves, fittings, flanges, electrical, artificial lift solutions, mill tools, safety supplies and spare parts to support customers operations.