After Reaching Milestone, Is Continental Resources Inc (NYSE:CLR)’s Short Interest Revealing Something?

Continental Resources, Inc. (NYSE:CLR) Logo

Investors sentiment increased to 1.07 in Q2 2018. Its up 0.08, from 0.99 in 2018Q1. It increased, as 40 investors sold Continental Resources, Inc. shares while 107 reduced holdings. 61 funds opened positions while 97 raised stakes. 82.45 million shares or 0.04% less from 82.48 million shares in 2018Q1 were reported.
Mirae Asset Global Co reported 0% in Continental Resources, Inc. (NYSE:CLR). Reaves W H reported 0.05% of its portfolio in Continental Resources, Inc. (NYSE:CLR). Blackrock, a New York-based fund reported 4.83 million shares. Parsons Cap Inc Ri accumulated 8,755 shares. American Insurance Tx stated it has 0.28% in Continental Resources, Inc. (NYSE:CLR). Moreover, Bokf Na has 0.08% invested in Continental Resources, Inc. (NYSE:CLR). Lord Abbett & Com Llc reported 1.25M shares. 10,006 are held by Magnetar Ltd Limited Liability Company. Massmutual Trust Fsb Adv holds 0% or 75 shares. Royal Bancorporation Of Canada accumulated 69,795 shares. Legal & General Gru Pcl holds 349,907 shares. Teacher Retirement System Of Texas holds 0.03% or 83,115 shares. Corecommodity Mgmt Limited Liability holds 0.73% or 16,891 shares in its portfolio. British Columbia Inv Management Corp holds 0.02% or 28,609 shares in its portfolio. Sumitomo Mitsui Tru Holding Inc invested 0.03% in Continental Resources, Inc. (NYSE:CLR).

Since May 15, 2018, it had 1 buying transaction, and 3 sales for $7.15 million activity. Hamm Harold also bought $8.88 million worth of Continental Resources, Inc. (NYSE:CLR) on Tuesday, May 29. Another trade for 10,000 shares valued at $695,001 was sold by Eissenstat Eric Spencer. MCCAIN ELLIS L sold $300,725 worth of stock or 4,444 shares. 5,000 Continental Resources, Inc. (NYSE:CLR) shares with value of $335,000 were sold by Gould Gary E.

The stock of Continental Resources Inc (NYSE:CLR) registered an increase of 2.3% in short interest. CLR’s total short interest was 10.09M shares in November as published by FINRA. Its up 2.3% from 9.86 million shares, reported previously. With 1.17M shares average volume, it will take short sellers 9 days to cover their CLR’s short positions. The short interest to Continental Resources Inc’s float is 12.18%.

The stock increased 0.04% or $0.02 during the last trading session, reaching $46.48. About 2.35M shares traded or 17.10% up from the average. Continental Resources, Inc. (NYSE:CLR) has risen 75.85% since November 14, 2017 and is uptrending. It has outperformed by 60.23% the S&P500.

Continental Resources, Inc. explores for, develops, and produces natural gas and crude oil properties in the north, south, and east regions of the United States. The company has market cap of $17.29 billion. The firm sells its natural gas and crude oil production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies. It has a 13.15 P/E ratio. As of December 31, 2016, its estimated proved reserves were 1,275 million barrels of crude oil equivalent with estimated proved developed reserves of 519 MMBoe.

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

Among 12 analysts covering Continental Resources (NYSE:CLR), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Continental Resources had 18 analyst reports since May 24, 2018 according to SRatingsIntel. FBR Capital maintained the shares of CLR in report on Monday, June 11 with “Buy” rating. The stock of Continental Resources, Inc. (NYSE:CLR) has “Buy” rating given on Monday, August 13 by Bank of America. The firm has “Buy” rating given on Monday, October 15 by Seaport Global. The stock of Continental Resources, Inc. (NYSE:CLR) earned “Neutral” rating by Citigroup on Wednesday, July 25. The rating was maintained by Morgan Stanley on Friday, October 12 with “Overweight”. The rating was maintained by UBS on Thursday, July 26 with “Neutral”. The rating was upgraded by KLR Group to “Buy” on Tuesday, July 24. The firm has “Outperform” rating given on Wednesday, October 24 by Wells Fargo. The company was maintained on Thursday, August 16 by Morgan Stanley. The rating was maintained by Morgan Stanley on Wednesday, September 26 with “Overweight”.

Another recent and important Continental Resources, Inc. (NYSE:CLR) news was published by which published an article titled: “Continental Resources doubles Bakken oil recovery estimate” on October 31, 2018.

Continental Resources, Inc. (NYSE:CLR) Institutional Positions Chart

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