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Williams Companies Recovered after Falling Last Week

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Part 4
Williams Companies Recovered after Falling Last Week PART 4 OF 5

Short Interest in Williams Companies Indicates Bullish Sentiment

Short interest 

Short interest in Williams Companies (WMB), as a percentage of float, fell to 1.38%—compared to 1.42% the previous week. The ratio is lower compared to the average of 2.4% for the past year. It’s lower than the historical three-year average of 2.4%. It might indicate bullish sentiment.

Short Interest in Williams Companies Indicates Bullish Sentiment

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The above chart shows the one-year closing price and short interest as a percentage of float for Williams Companies. Short interest is the number of shares sold short, while short interest as a percentage of float is the number of shares sold short divided by floating shares. High short interest or a sudden increase in short interest generally indicates pessimism about the stock. However, it might not result in a stock price decline as short position holders try to cover their short positions. It might result in a stock rally.

Industry average

The Alerian MLP Index (AMZ), which tracks 50 energy MLPs, has an average short interest as a percentage of float of 3.4%. Short interest in Williams Companies, as a percentage of float ratio, is below the industry average. Sunoco LP (SUN), Boardwalk Pipeline Partners (BWP), and Golar LNG Partners (GMLP) are among AMZ’s constituents that have the highest short interest-to-float ratios.

Put-call ratio

The put-call ratio is another measure to look at investors’ sentiment towards a stock. A high put-call ratio might indicate that a large number of investors expect the stock price to fall in the future and vice versa. Williams Companies has a put-call ratio close to zero.

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