Oil States International (OIS) : Traders are getting increasingly bearish on Oil States International (OIS), as can be seen in the addition of short positions from 3,755,460 on Jul 29, 2016, to 3,860,945 on August 15, 2016. The net change in shorts is 105,485 shares, an increase of 2.8%. 6 days remain before the expiry. The 7.7% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 612,608. The short interest information was released on Wednesday Aug 24th after the market close.
Oil States International (NYSE:OIS): The stock opened at $32.32 on Wednesday but the bulls could not build on the opening and the stock topped out at $32.61 for the day. The stock traded down to $32.00 during the day, due to lack of any buying support eventually closed down at $32.10 with a loss of -1.56% for the day. The stock had closed at $32.61 on the previous day. The total traded volume was 360,803 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (VP, Controller & CAO) of Oil States International, Inc, Munson Sarah Ann had sold 3,860 shares worth of $107,540 in a transaction dated December 28, 2015. In this transaction, 3,860 shares were sold at $27.86 per share.
Oil States International, Inc. (Oil States) through its subsidiaries, is a provider of specialty products and services to oil and natural gas companies throughout the world. The Company operates in active oil and natural gas producing regions, including onshore and offshore United States, Canada, West Africa, the North Sea, South America and Southeast and Central Asia. The Company operates in two segments: offshore products and well site services. The Companys products and services include flexible bearings and advanced connection systems; casing and conductor connections and pipe; subsea pipeline products; compact ball valves, manifold system components and diverter valves; marine winches, mooring systems, cranes and other heavy-lift rig equipment; production, workover, completion and drilling riser systems, among others. The Company also offers well site services.