Chesapeake Energy Corporation (NYSE:CHK) Sellers Covered 25.97% of Their Shorts

The stock of Chesapeake Energy Corporation (NYSE:CHK) registered a decrease of 25.97% in short interest. CHK’s total short interest was 148.02M shares in April as published by FINRA. Its down 25.97% from 199.94M shares, reported previously. With 33.87M shares average volume, it will take short sellers 4 days to cover their CHK’s short positions. The short interest to Chesapeake Energy Corporation’s float is 25.97%. The stock increased 0.17% or $0.01 during the last trading session, hitting $6.02. About 59.95 million shares traded hands or 9.16% up from the average. Chesapeake Energy Corporation (NYSE:CHK) has declined 20.55% since September 10, 2015 and is downtrending. It has underperformed by 27.80% the S&P500.

Chesapeake Energy Corporation is a producer of natural gas, oil and natural gas liquids in the United States. The company has a market cap of $4.06 billion. The Firm operates in two divisions: Exploration and Production, and Marketing, Gathering and Compression. It currently has negative earnings. The exploration and production segment is responsible for finding and producing oil, natural gas and NGL.

The institutional sentiment decreased to 0.95 in Q3 2015. Its down 0.05, from 1 in 2015Q2. The ratio turned negative, as 100 funds sold all Chesapeake Energy Corporation shares owned while 158 reduced positions. 60 funds bought stakes while 186 increased positions. They now own 625.58 million shares or 3.70% more from 603.23 million shares in 2015Q2.

Old West Investment Management Llc holds 4.66% of its portfolio in Chesapeake Energy Corporation for 836,246 shares. Raffles Associates Lp owns 530,000 shares or 4.08% of their US portfolio. Moreover, Robertson Opportunity Capital Llc has 3.73% invested in the company for 483,574 shares. The Pennsylvania-based Schneider Capital Management Corp has invested 3.62% in the stock. Southeastern Asset Management Inc Tn, a Tennessee-based fund reported 57.91 million shares.

Out of 25 analysts covering Chesapeake Energy Corporation (NYSE:CHK), 0 rate it “Buy”, 0 “Sell”, while 0 “Hold”. This means NaN are positive. Chesapeake Energy Corporation was the topic in 44 analyst reports since July 21, 2015 according to StockzIntelligence Inc.

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