Short Interest Change: What’s Ahead for Centennial Resource Development (NASDAQ:CDEV) After Less Shorted Shares?

November 29, 2016 - By Marie Mckinney   ·   0 Comments

Short Interest Change: What’s Ahead for Centennial Resource Development (NASDAQ:CDEV) After Less Shorted Shares?

The stock of Centennial Resource Development (NASDAQ:CDEV) registered a decrease of 4.55% in short interest. CDEV’s total short interest was 1.19M shares in November as published by FINRA. Its down 4.55% from 1.24 million shares, reported previously. With 633,600 shares average volume, it will take short sellers 2 days to cover their CDEV’s short positions. The stock increased 7.12% or $1.09 during the last trading session, hitting $16.4. Centennial Resource Development Inc (NASDAQ:CDEV) has risen 64.00% since April 26, 2016 and is uptrending. It has outperformed by 58.74% the S&P500.

Centennial Resource Development, Inc., formerly Silver Run Acquisition Corporation, is an emerging growth company. The company has a market cap of $2.71 billion. The Firm was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It currently has negative earnings. The Firm focuses on identifying, acquiring and building a firm in the energy industry.

More notable recent Centennial Resource Development Inc (NASDAQ:CDEV) news were published by: Wsj.com which released: “Centennial Resource Development Buys Additional Energy Acreage for $855 Million” on November 28, 2016, also Globenewswire.com with their article: “Centennial Resource Development, Inc. Schedules Earnings Call for Third …” published on November 03, 2016, Globenewswire.com published: “Centennial Resource Development, Inc. Announces Third Quarter 2016 Results” on November 09, 2016. More interesting news about Centennial Resource Development Inc (NASDAQ:CDEV) were released by: Denverpost.com and their article: “Centennial Resource files for energy IPO in the midst of low oil prices, losses” published on June 29, 2016 as well as Nasdaq.com‘s news article titled: “Centennial Resource Development is Now Oversold (CDEV)” with publication date: November 17, 2016.

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By Marie Mckinney


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