Who’s Shorting Whiting Stock: What the Current Short Interest in WLL Tells Us
Short interest in WLL stock
At the beginning of the year, in January 2017, the short interest as a percentage of float (or short interest ratio) for Whiting Petroleum (WLL) stock was ~12.6%. But its short interest ratio on September 22, 2017, was ~24.0%.
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As the graph above shows, WLL’s short interest ratio has risen significantly since the start of the year, but WLL’s stock price has dropped considerably (though it has been rising more recently). Whiting Petroleum’s stock price was $12.02 on January 3, 2017, compared with $5.10 on September 18, 2017.
An increase in short interest usually indicates that investors are bearish on a stock’s movements. But investors’ expectations can always be wrong.
Peer short interest
To learn more about Whiting Petroleum (WLL), check out Market Realist’s series What to Expect from Whiting Petroleum for the Rest of 2017.