What’s Propelling Andeavor (NYSE:ANDV) After Lower Shorts Reported?

June 18, 2018 - By Vivian Park

The stock of Andeavor (NYSE:ANDV) registered a decrease of 9.92% in short interest. ANDV’s total short interest was 5.28 million shares in June as published by FINRA. Its down 9.92% from 5.86 million shares, reported previously. With 2.90 million shares average volume, it will take short sellers 2 days to cover their ANDV’s short positions. The short interest to Andeavor’s float is 3.61%.

The stock decreased 2.17% or $3.02 during the last trading session, reaching $136. About 2.71M shares traded or 28.12% up from the average. Andeavor (NYSE:ANDV) has risen 67.68% since June 18, 2017 and is uptrending. It has outperformed by 55.11% the S&P500.

Andeavor, through its subsidiaries, operates as an independent petroleum refining, logistics, and marketing firm in the United States. The company has market cap of $20.55 billion. The firm operates through three divisions: Refining, TLLP, and Marketing. It has a 12.38 P/E ratio. The Refining segment refines crude oil and other feed stocks into transportation fuels, such as gasoline and gasoline blend stocks, jet fuel, and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas, petroleum coke, calcined coke, and asphalt.

More notable recent Andeavor (NYSE:ANDV) news were published by: Bizjournals.com which released: “Andeavor makes deal to boost expansion of ARCO gas stations in Mexico” on June 12, 2018, also Prnewswire.com with their article: “Alerian Index Series June 2018 Index Review” published on June 08, 2018, Seekingalpha.com published: “PBF Energy Pulls Back On ‘Collapsing’ Biofuels Mandate Deal” on June 06, 2018. More interesting news about Andeavor (NYSE:ANDV) were released by: Bizjournals.com and their article: “Exxon Mobil, Plains All American to create Permian pipeline JV” published on June 13, 2018 as well as Bizjournals.com‘s news article titled: “Behind The Deal: Andeavor looked to be bought while closing Western Refining acquisition” with publication date: June 04, 2018.

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