Pacific Drilling S.A. (PACD) : The short interest in Pacific Drilling S.A. (PACD) has changed with an increase of 83,901 shares and the open interest is 10.4%. From 808,888 short positions on Jul 29, 2016, the shorts increased to 892,789 shares by August 15, 2016. There are 3 more days left for the expiry and the daily trading volume of the stock is 334,329 shares. The total interest of shorts is 14.6% of the shares available to the public. The short interest information was released on Wednesday Aug 24th after the market close.
Pacific Drilling S.A. (NYSE:PACD): The stock opened at $4.09 on Wednesday but the bulls could not build on the opening and the stock topped out at $4.27 for the day. The stock traded down to $4.01 during the day, due to lack of any buying support eventually closed down at $4.03 with a loss of -3.82% for the day. The stock had closed at $4.19 on the previous day. The total traded volume was 195,605 shares.
Pacific Drilling S.A. is an international offshore drilling Company. The Company is a provider of ultra-deep water drilling services to the oil and natural gas industry through the use of high-specification drilling rigs. The Companys primary business is to contract its ultra-deep water drilling rigs, related equipment and work crews, primarily on a dayrate basis, to drill wells for its customers. The Company is primarily focused on the ultra-deep water market. The Company considers ultra-deep water to begin at water depths of more than 7,500 feet and to extend to the maximum water depths, in which rigs are capable of drilling, which is approximately 12,000 feet.