What’s the Short Interest for CHK Stock?
On September 29, 2017, short interest as a percentage of float, or the short interest ratio, in Chesapeake Energy (CHK) stock was 22.2%. In January 2017, the short interest ratio in Chesapeake Energy stock had been ~12%.
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A rise in short interest can be considered to be rising bearish sentiment for the stock. Short interest in Chesapeake Energy stock and the price of the stock have mostly moved in opposite directions since the beginning of 2017.
As we can see above, the short interest ratio in Chesapeake Energy stock has risen significantly since the beginning of 2017. CHK stock has fallen from $6.92 at the beginning of the year to $4.3 as of September 29, 2017.
However, the ratio has fallen since July 2017, when short interest in CHK peaked at ~23%. A decline in short interest means that at least some investors have cut negative bets on the stock and no longer see an ongoing downside in the stock. As we can see, CHK’s stock has been inching upwards recently, rising from its lowest levels this year of $3.61 in late August. To learn about why crude oil prices have been rising recently, read part one of this series.
For more insight on Chesapeake Energy, please read How Would You Play Chesapeake Energy? Part 2.