The stock of Parker Drilling Company (NYSE:PKD) registered an increase of 10.87% in short interest. PKD’s total short interest was 1.22 million shares in January as published by FINRA. Its up 10.87% from 1.10 million shares, reported previously. With 105,500 shares average volume, it will take short sellers 12 days to cover their PKD’s short positions. The short interest to Parker Drilling Company’s float is 18.92%.

It closed at $0.431 lastly. It is up 92.10% since January 2, 2018 and is downtrending. It has underperformed by 92.10% the S&P500.

Parker Drilling Company Inc., together with its subsidiaries, provides contract drilling and drilling-related services, and rental tools to the energy industry in the United States, Russia, Europe, the Middle East, Africa, Asia, Latin America, Canada, and Internationally. The company has market cap of $4.04 million. It operates through two business lines, Drilling Services and Rental Tools Services. It currently has negative earnings. The Drilling Services business provides project related services, such as engineering, procurement, project management, and commissioning of customer-owned drilling facility projects; drill wells and manages the logistical and technological challenges of operating in remote, harsh, and ecologically sensitive areas; and operates barge rigs for drilling oil and natural gas in the shallow waters in and along the inland waterways and coasts of Louisiana, Alabama, and Texas.

More notable recent Parker Drilling Company (NYSE:PKD) news were published by: Seekingalpha.com which released: “Parker Drilling: Wildcat Bonds – Seeking Alpha” on December 10, 2017, also Seekingalpha.com with their article: “Parker Drilling – Second-Quarter Earnings Results Analysis – Seeking Alpha” published on August 13, 2018, Seekingalpha.com published: “Losses in energy stocks led by drilling servicers, frac sand suppliers – Seeking Alpha” on September 26, 2018. More interesting news about Parker Drilling Company (NYSE:PKD) were released by: Prnewswire.com and their article: “Parker Drilling Company Receives Continued Listing Standard Notice from NYSE – PR Newswire” published on March 15, 2018 as well as Seekingalpha.com‘s news article titled: “Exxon Awards A $180 Million Contract Extension To Parker Drilling In Sakhalin, Russia – Seeking Alpha” with publication date: May 31, 2016.