Short Interest Update on Unit Corporation (UNT)

Unit Corporation (UNT) : The short interest in Unit Corporation (UNT) has changed with an increase of 229,032 shares and the open interest is 3.4%. From 6,796,010 short positions on Jul 29, 2016, the shorts increased to 7,025,042 shares by August 15, 2016. There are 8 more days left for the expiry and the daily trading volume of the stock is 851,644 shares. The total interest of shorts is 14.1% of the shares available to the public. The short interest information was released on Wednesday Aug 24th after the market close.

Unit Corporation (NYSE:UNT): The stock opened at $16.99 on Wednesday but the bulls could not build on the opening and the stock topped out at $17.40 for the day. The stock traded down to $16.73 during the day, due to lack of any buying support eventually closed down at $16.86 with a loss of -2.60% for the day. The stock had closed at $17.31 on the previous day. The total traded volume was 681,805 shares.


In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Unit Corp, Nikkel John G, had purchased 2,000 shares in a transaction dated on March 1, 2016. The transaction was executed at $5.72 per share with total amount equaling $11,440.

Unit Corporation (Unit) is an oil and natural gas contract drilling company. In addition to its drilling operations, the Company has operations in the exploration and production and mid-stream areas. The Company operates through three segments: Oil and Natural Gas, Contract Drilling, and Mid-Stream. The Companys Oil and Natural Gas operations are carried out by its subsidiary Unit Petroleum Company, which explores, develops, acquires, and produces oil and natural gas properties. Contract Drilling operations are carried out by subsidiary Unit Drilling Company and its subsidiaries. Contract Drilling segment contracts to drill onshore oil and natural gas wells for others. The Companys Mid-Stream are operations carried out by subsidiary Superior Pipeline Company, L.L.C., which buys, sells, gathers, processes, and treats natural gas for third parties and for the Company.

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