Time to Reconsider Wildhorse Resource Development Corporation Common (NYSE:WRD) After Less Short Sellers?

July 16, 2018 - By Billy Entrekin

The stock of Wildhorse Resource Development Corporation Common (NYSE:WRD) registered a decrease of 0.75% in short interest. WRD’s total short interest was 5.34 million shares in July as published by FINRA. Its down 0.75% from 5.38M shares, reported previously. With 830,600 shares average volume, it will take short sellers 6 days to cover their WRD’s short positions.

The stock decreased 3.91% or $0.88 during the last trading session, reaching $21.52. About 1.12M shares traded. WildHorse Resource Development Corporation (NYSE:WRD) has risen 95.29% since July 16, 2017 and is uptrending. It has outperformed by 82.72% the S&P500.

WildHorse Resource Development Corporation, an independent oil and natural gas company, focuses on the acquisition, exploitation, development, and production of oil, natural gas, and natural gas liquid resources. The company has market cap of $2.15 billion. The firm primarily holds interests in the Eagle Ford Shale in Southeast Texas and the overpressured Cotton Valley formation in North Louisiana. It currently has negative earnings. As of December 31, 2016, it had a total leasehold position of approximately 262,742 net acres in the Eagle Ford Shale and 108,456 net acres in overpressured Cotton Valley formation, as well as 152.5 million barrels of oil equivalent of total proved reserves.

WildHorse Resource Development Corporation (NYSE:WRD) Ratings Chart

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