Today Continental Resources Incorporated (NYSE:CLR) Reported Increase in Shorted Shares

September 17, 2017 - By Nellie Frank

 Today Continental Resources Incorporated (NYSE:CLR) Reported Increase in Shorted Shares

Investors sentiment decreased to 0.97 in 2016 Q4. Its down 0.11, from 1.08 in 2016Q3. It turned negative, as 35 investors sold Continental Resources, Inc. shares while 130 reduced holdings. 52 funds opened positions while 108 raised stakes. 81.57 million shares or 3.66% less from 84.66 million shares in 2016Q3 were reported.
Paloma Prns Mngmt accumulated 0.06% or 117,289 shares. Sumitomo Mitsui Asset Mgmt Ltd, Japan-based fund reported 6,227 shares. Brown Advisory holds 0% or 17,108 shares in its portfolio. Ubs Oconnor Ltd Llc holds 0% of its portfolio in Continental Resources, Inc. (NYSE:CLR) for 70,458 shares. State Street invested 0.01% in Continental Resources, Inc. (NYSE:CLR). Hsbc Plc invested in 0.01% or 87,648 shares. Walleye Trading Limited Liability Corporation reported 42,932 shares. Commonwealth Equity Services has 25,689 shares for 0.01% of their portfolio. Moreover, Skylands Capital Limited Com has 0.03% invested in Continental Resources, Inc. (NYSE:CLR). Quantbot Tech Limited Partnership, a New York-based fund reported 3 shares. Ameriprise Fincl Inc reported 38,761 shares. Neuberger Berman Grp Lc reported 42,977 shares. Moreover, Corecommodity Mngmt Limited Liability has 0.01% invested in Continental Resources, Inc. (NYSE:CLR). Fifth Third Retail Bank holds 0.01% or 26,759 shares in its portfolio. Pennsylvania Tru Com holds 0.02% of its portfolio in Continental Resources, Inc. (NYSE:CLR) for 4,960 shares.

Since March 17, 2017, it had 4 insider purchases, and 0 sales for $6.91 million activity. Hart John D sold $273,000 worth of stock. On Friday, May 12 Hamm Harold bought $2.19 million worth of Continental Resources, Inc. (NYSE:CLR) or 51,765 shares.

The stock of Continental Resources Incorporated (NYSE:CLR) registered an increase of 9.43% in short interest. CLR’s total short interest was 19.35M shares in September as published by FINRA. Its up 9.43% from 17.68 million shares, reported previously. With 1.69 million shares average volume, it will take short sellers 11 days to cover their CLR’s short positions. The short interest to Continental Resources Incorporated’s float is 23.37%.

The stock decreased 0.39% or $0.14 on September 15, reaching $36.15. About 2.16M shares traded. Continental Resources, Inc. (NYSE:CLR) has risen 4.05% since September 17, 2016 and is uptrending. It has underperformed by 12.65% the S&P500.

Continental Resources, Inc. is a crude oil and natural gas firm with properties in the North, South and East regions of the United States. The company has market cap of $13.56 billion. The North region consists of properties north of Kansas and west of the Mississippi River and includes North Dakota Bakken, Montana Bakken and the Red River units. It currently has negative earnings. The South region includes properties south of Nebraska and west of the Mississippi River including various plays in the South Central Oklahoma Oil Province , Sooner Trend Anadarko Canadian Kingfisher (STACK), and Arkoma Woodford areas of Oklahoma.

Continental Resources, Inc. (NYSE:CLR) Ratings Coverage

Among 33 analysts covering Continental Resources Inc. (NYSE:CLR), 20 have Buy rating, 0 Sell and 13 Hold. Therefore 61% are positive. Continental Resources Inc. had 100 analyst reports since July 21, 2015 according to SRatingsIntel. Barclays Capital upgraded the shares of CLR in report on Monday, October 17 to “Overweight” rating. The company was reinitiated on Thursday, March 23 by UBS. The stock has “Outperform” rating by Credit Suisse on Friday, May 5. As per Sunday, August 27, the company rating was maintained by BMO Capital Markets. Piper Jaffray upgraded Continental Resources, Inc. (NYSE:CLR) on Tuesday, August 15 to “Buy” rating. On Tuesday, October 6 the stock rating was initiated by Stephens with “Equal Weight”. On Wednesday, December 9 the stock rating was maintained by Deutsche Bank with “Hold”. The rating was maintained by Wunderlich with “Buy” on Friday, August 19. Stifel Nicolaus maintained Continental Resources, Inc. (NYSE:CLR) rating on Thursday, April 13. Stifel Nicolaus has “Buy” rating and $61 target. Deutsche Bank downgraded it to “Hold” rating and $64 target in Thursday, December 8 report.

More recent Continental Resources, Inc. (NYSE:CLR) news were published by: Gurufocus.com which released: “Benefit Street Partners LLC Buys Continental Resources Inc, Vistra Energy Corp …” on September 16, 2017. Also Reuters.com published the news titled: “Kynikos’ Chanos says he is shorting Continental Resources: CNBC” on September 12, 2017. Seekingalpha.com‘s news article titled: “Continental Resources Can Generate Significant Positive Cash Flow” with publication date: September 15, 2017 was also an interesting one.

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