Ultra Petroleum Corp (NASDAQ:UPL) Shorts Increased By 11.72%

June 27, 2018 - By Noel Courtney

It was reported an increase on Ultra Petroleum Corp (NASDAQ:UPL)’s shares shorted with 11.72%. In June was published UPL’s total 24.00M shares shorted by FINRA. The 21.48 million previous shares are up with 11.72%. 6 days will cost UPL with 3.85M average volume to recover its previous position. Ultra Petroleum Corp float short is 17.59%.

The stock increased 1.56% or $0.035 during the last trading session, reaching $2.285.Ultra Petroleum Corp. has volume of 987,826 shares. Since June 27, 2017 UPL has declined 85.26% and is downtrending. The stock underperformed the S&P 500 by 97.83%.

Ultra Petroleum Corp., an independent gas and oil company, engages in the acquisition, exploration, development, operation, and production of oil and natural gas properties.The firm is valued at $450.26 million. The Company’s principal business activities are developing its natural gas reserves in the Green River Basin of southwest Wyoming??the Pinedale and Jonah fields; its oil reserves in the Uinta Basin in northeast Utah; and its natural gas reserves in the north-central Pennsylvania area of the Appalachian Basin.The P/E ratio is 1.41. As of December 31, 2016, the firm owned interests in approximately 105,000 gross acres in Wyoming; and 144,000 gross acres in Pennsylvania.

There’s a significant Ultra Petroleum Corp. (NASDAQ:UPL) news brought out by Globenewswire.com. It’s an item titled: “Ultra Petroleum Names Jay Stratton Chief Operating Officer” on May 31, 2018.

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