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Clocking Whiting's Recent Stock Performance: Key Drivers

PART:
1 2 3 4
Part 4
Clocking Whiting's Recent Stock Performance: Key Drivers PART 4 OF 4

Understanding the Short Interest in Whiting Petroleum Stock

Short interest in WLL stock

In January 2017, the short interest as a percentage of float (or short interest ratio) for Whiting Petroleum (WLL) stock was ~12.6%. Its short interest ratio on September 18, 2017, was ~24.01%.

Understanding the Short Interest in Whiting Petroleum Stock

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As the graph above shows, WLL’s short interest ratio has risen significantly since the start of 2017. Meanwhile, WLL stock has dropped considerably (as we discussed in the first part of this series). Whiting Petroleum’s stock price was $4.9 on September 18, 2017, compared with $12.02 on January 3, 2017.

Remember, an increase in short interest usually means that investors are more bearish on a stock’s movements. However, investors’ expectations can always be wrong.

Peer short interest

By comparison, peers Concho Resources (CXO), Apache (APA), and Newfield Exploration (NFX) had short interest ratios of 4.8%, ~6.4%, and ~4.2%, respectively, on September 18, 2017.

To learn more about how Whiting Petroleum (WLL) performed in 2Q17, check out Market Realist’s series Why Whiting Petroleum’s Stock Fell after Its 2Q17 Release.

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