Where Short Interest in Viper Energy Stands Now
Viper Energy Partners (VNOM) recently saw its short-term 50-day moving average cross its long-term 200-day moving average from below. This indicates a bullish sentiment toward the stock. VNOM was trading 9.1% and 11.0% above its 50-day SMA (simple moving average) and 200-day SMA as of October 3, 2017.
On the other hand, Black Stone Minerals (BSM) stock price recently dropped below its 50-day SMA, which could indicate a bearish sentiment toward the stock. BSM was trading 0.5% above its 200-day SMA as of October 3, 2017.
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The short interest in Viper Energy Partners and Black Stone Minerals stocks came in at 0.33 million and 0.60 million shares, respectively, on October 3. Meanwhile, the short interest as a percentage of float (or short interest ratio) came in at 0.8% for both stocks.
VNOM has seen a significant decline in its short interest ratio in recent months. The current short interest in Viper Energy Partners is below the past one-year and two-year averages of 2.0% and 1.5%, respectively. This indicates a bullish sentiment toward the stock.
The Alerian MLP Index (AMZ), which tracks 50 energy MLPs (master limited partnerships), has an average short interest of ~3.0%, and so the short interest in both VNOM and BSM stocks is below the industry average.