Ultra Petroleum Corp (NASDAQ:UPL) Shorted Shares Decreased By 19.17%

March 14, 2018 - By Adrian Mccoy

 Ultra Petroleum Corp (NASDAQ:UPL) Shorted Shares Decreased By 19.17%

The stock of Ultra Petroleum Corp (NASDAQ:UPL) registered a decrease of 19.17% in short interest. UPL’s total short interest was 15.31 million shares in March as published by FINRA. Its down 19.17% from 18.94 million shares, reported previously. With 2.83M shares average volume, it will take short sellers 5 days to cover their UPL’s short positions. The short interest to Ultra Petroleum Corp’s float is 11.22%.

The stock decreased 11.98% or $0.6 during the last trading session, reaching $4.41. About 3.73M shares traded. Ultra Petroleum Corp. (NASDAQ:UPL) has 0.00% since March 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Ultra Petroleum Corp., an independent gas and oil company, engages in the acquisition, exploration, development, operation, and production of oil and natural gas properties. The company has market cap of $865.89 million. The Company’s principal business activities are developing its natural gas reserves in the Green River Basin of southwest Wyoming??the Pinedale and Jonah fields; its oil reserves in the Uinta Basin in northeast Utah; and its natural gas reserves in the north-central Pennsylvania area of the Appalachian Basin. It has a 4.08 P/E ratio. As of December 31, 2016, the firm owned interests in approximately 105,000 gross acres in Wyoming; and 144,000 gross acres in Pennsylvania.

More notable recent Ultra Petroleum Corp. (NASDAQ:UPL) news were published by: Globenewswire.com which released: “Ultra Petroleum Announces Fourth Quarter and Year-To-Date 2017 Results …” on February 28, 2018, also Fool.com with their article: “Why Ultra Petroleum Corp.’s Stock Is Getting Pummeled Today” published on February 28, 2018, Zacks.com published: “Ultra Petroleum (UPL) in Focus: Stock Moves 8.2% Higher March 14, 2018” on March 14, 2018. More interesting news about Ultra Petroleum Corp. (NASDAQ:UPL) were released by: Nasdaq.com and their article: “Ultra Petroleum (UPL) in Focus: Stock Moves 8.2% Higher” published on March 14, 2018 as well as Globenewswire.com‘s news article titled: “Ultra Petroleum Announces 54.5 MMcfe/d Initial Test Rate on Most Recent Lower …” with publication date: March 12, 2018.

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