Short Interest Update on Parker Drilling Company (PKD)

Parker Drilling Company (PKD) : Traders are increasing their bearish positions on the stock, as is visible by the 2% jump in the outstanding short positions; a total addition of 61,452 shares on the sell side. On Jul 29, 2016, the total short positions were 3,137,755 shares, which went up to 3,199,207 shares by the close of trading on August 15, 2016. It will take 7 days for the bears to roll over or cover. An average of 428,213 shares exchange hands daily. 2.7% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.

Parker Drilling Company (NYSE:PKD): The stock opened at $2.14 on Wednesday but the bulls could not build on the opening and the stock topped out at $2.17 for the day. The stock traded down to $2.09 during the day, due to lack of any buying support eventually closed down at $2.10 with a loss of -2.78% for the day. The stock had closed at $2.16 on the previous day. The total traded volume was 196,925 shares.


In a related news, The Securities and Exchange Commission has divulged that Duplantier Jon-Al, (Sr. VP, CAO & General Counsel) of Parker Drilling Co /De/, had unloaded 10,000 shares at an average price of $2.17 in a transaction dated on May 20, 2016. The total value of the transaction was worth $21,700.

Parker Drilling Company (Parker Drilling) is a provider of contract drilling, and drilling-related services and rental tools. The Company owns and operates drilling rigs and drilling-related equipment and also performs drilling-related services, referred to as Operations & Maintenance (O&M) work, for customer-owned drilling rigs on a contracted basis. The Companys rental tools business supplies equipment to exploration and production (E&P) companies, drilling contractors and service companies on land and offshore in the United States and select international markets. The Company has five operating segments: Rental Tools, U.S. Barge Drilling, U.S. Drilling, International Drilling and Technical Services. Parker Drilling operates in approximately 23 countries.

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