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How Much Is Crude Driving Whiting Petroleum?

PART:
1 2 3 4
Part 4
How Much Is Crude Driving Whiting Petroleum? PART 4 OF 4

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%.

Who&#8217;s Shorting Whiting Stock: What the Current Short Interest in WLL Tells Us

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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

By comparison, peers Concho Resources (CXO), Cimarex Energy (XEC), and Newfield Exploration (NFX) had short interest ratios of 4.8%, ~3.2%, and ~4.2%, respectively, on September 18, 2017.

To learn more about Whiting Petroleum (WLL), check out Market Realist’s series What to Expect from Whiting Petroleum for the Rest of 2017.

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