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How Will Hurricane Harvey Impact Chesapeake Energy?

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Part 4
How Will Hurricane Harvey Impact Chesapeake Energy? PART 4 OF 4

Exploring Chesapeake Energy’s Short Interest Trends

CHK’s short interest trends

The short interest ratio, or short interest as a percentage of float, of Chesapeake Energy (CHK) stock was ~22% on September 8, 2017. In January 2017, the ratio was ~12%, while at the end of 2Q17 (on June 30, 2017), its short interest ratio was 22.6%.

This means that CHK’s short interest, while having risen significantly since the beginning of 2017, has fallen (albeit marginally) since the end of 2Q17.

Exploring Chesapeake Energy’s Short Interest Trends

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As you can see in the image above, CHK’s stock price and short interest in CHK have mostly moved in opposite directions. Since the beginning of 2017, CHK stock has fallen 47.4%.

Rising short interest despite a falling stock price means that investors have continued to see a downside in the stock. However, CHK’s recent drop in short interest could mean that at least some investors no longer see an ongoing downside in CHK stock.

By comparison, short interest in Antero Resources (AR) and Cabot Oil and Gas (COG) were 3.7% and ~10.8%, respectively, on September 8, 2017.

To know more about COG, read Market Realist’s series What Are Cabot Oil & Gas’s Key Strategies for 2017 and 2018? For more on CHK, check out Market Realist’s Gamble or Scramble: How Would You Play Chesapeake Energy?

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