After Reaching Milestone, Is Unit Corporation (NYSE:UNT)’s Short Interest Revealing Something?

March 14, 2018 - By Adrian Mccoy

 After Reaching Milestone, Is Unit Corporation (NYSE:UNT)’s Short Interest Revealing Something?

Investors sentiment increased to 1.15 in Q3 2017. Its up 0.11, from 1.04 in 2017Q2. It is positive, as 11 investors sold Unit Corporation shares while 51 reduced holdings. 21 funds opened positions while 50 raised stakes. 49.30 million shares or 2.78% more from 47.97 million shares in 2017Q2 were reported.
Moreover, Prudential Fincl has 0.01% invested in Unit Corporation (NYSE:UNT). 1,648 are owned by Zurcher Kantonalbank (Zurich Cantonalbank). Qs Invsts Limited Liability Corporation, New York-based fund reported 74,897 shares. Ny State Teachers Retirement Sys invested in 132,972 shares or 0.01% of the stock. Bridgecreek Inv Mngmt Limited Liability Corporation has invested 0.39% in Unit Corporation (NYSE:UNT). Sterling Capital Mngmt Ltd Co invested in 0.01% or 49,057 shares. Goldman Sachs Gp reported 237,207 shares. Gemmer Asset Mgmt Lc holds 165 shares or 0% of its portfolio. Nationwide Fund Advisors has 0.01% invested in Unit Corporation (NYSE:UNT). Glenmede Trust Na owns 70 shares for 0% of their portfolio. Thrivent Fincl For Lutherans reported 32,490 shares. Texas Permanent School Fund reported 38,610 shares. Price T Rowe Assocs Md owns 0% invested in Unit Corporation (NYSE:UNT) for 44,443 shares. Group stated it has 0% of its portfolio in Unit Corporation (NYSE:UNT). Geode Cap Mngmt Ltd Limited Liability Company holds 0% or 436,069 shares in its portfolio.

The stock of Unit Corporation (NYSE:UNT) registered a decrease of 0.7% in short interest. UNT’s total short interest was 3.60M shares in March as published by FINRA. Its down 0.7% from 3.63M shares, reported previously. With 377,700 shares average volume, it will take short sellers 10 days to cover their UNT’s short positions. The short interest to Unit Corporation’s float is 7.05%.

The stock decreased 1.80% or $0.36 during the last trading session, reaching $19.62. About 188,521 shares traded. Unit Corporation (NYSE:UNT) has risen 62.42% since March 14, 2017 and is uptrending. It has outperformed by 45.72% the S&P500.

Unit Corporation, together with its subsidiaries, operates as an oil and natural gas contract drilling firm primarily in the United States. The company has market cap of $1.04 billion. The firm operates through three divisions: Oil and Natural Gas, Contract Drilling, and Mid-Stream. It has a 8.61 P/E ratio. The Oil and Natural Gas segment acquires, explores, develops, and produces oil and natural gas properties primarily located in Oklahoma and Texas, as well as in Arkansas, Colorado, Kansas, Louisiana, Mississippi, Montana, New Mexico, North Dakota, Utah, and Wyoming.

Unit Corporation (NYSE:UNT) Ratings Coverage

Among 7 analysts covering Unit (NYSE:UNT), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Unit had 21 analyst reports since August 17, 2015 according to SRatingsIntel. KLR Group downgraded the stock to “Accumulate” rating in Thursday, May 26 report. The stock of Unit Corporation (NYSE:UNT) earned “Hold” rating by Cowen & Co on Thursday, October 19. The firm has “Hold” rating by Cowen & Co given on Tuesday, July 18. The firm has “Buy” rating by SunTrust given on Friday, February 23. The company was upgraded on Friday, May 5 by KLR Group. Cowen & Co maintained Unit Corporation (NYSE:UNT) on Thursday, January 18 with “Hold” rating. The stock has “Buy” rating by SunTrust on Thursday, November 2. The rating was downgraded by KLR Group on Tuesday, July 25 to “Hold”. The stock of Unit Corporation (NYSE:UNT) has “Buy” rating given on Wednesday, August 23 by KLR Group. The firm has “Reduce” rating given on Tuesday, December 13 by KLR Group.

More news for Unit Corporation (NYSE:UNT) were recently published by:, which released: “Unit Corporation’s (UNT) CEO Larry Pinkston on Q4 2017 Results – Earnings Call …” on February 23, 2018.‘s article titled: “Unit Corporation Reports 2017 Fourth Quarter and Year End Results” and published on February 22, 2018 is yet another important article.

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