Could Keane Group Inc (NYSE:FRAC) Skyrocket? The Stock Has Too Many Sellers

July 27, 2018 - By Megan Stone

The stock of Keane Group Inc (NYSE:FRAC) registered an increase of 2.28% in short interest. FRAC’s total short interest was 6.96M shares in July as published by FINRA. Its up 2.28% from 6.80M shares, reported previously. With 904,100 shares average volume, it will take short sellers 8 days to cover their FRAC’s short positions. The short interest to Keane Group Inc’s float is 22.69%.

The stock increased 3.13% or $0.38 during the last trading session, reaching $12.54. About 1.60M shares traded or 7.46% up from the average. Keane Group, Inc. (NYSE:FRAC) has declined 6.18% since July 27, 2017 and is downtrending. It has underperformed by 18.75% the S&P500.

Keane Group, Inc. provides integrated well completion services primarily in the United States. The company has market cap of $1.41 billion. The Company’s principal service offerings include horizontal and vertical fracturing, wireline perforation and logging, and engineered solutions, as well as other value-added services. It has a 48.79 P/E ratio. The firm also provides coiled tubing, drilling, cementing, acidizing, and nitrogen services.

Keane Group, Inc. (NYSE:FRAC) Ratings Chart

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