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Analyzing Hess’s Short Interest Trends

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Short interest in Hess’s shares

On June 28, 2016, Hess Corporation’s (HES) short interest as a percentage of its float, or its short interest ratio, was 5.8%. Its short interest ratio on March 31, 2016, was 5.6%. This means that since the end of 1Q16, Hess’s short interest has risen by 7%.

Hess’s stock price during these two periods was $52.65 on March 31, 2016, and $52.63 on June 28, 2016. Broadly, as we can see in the image above, Hess’s stock price and short interest as a percentage of float are inversely related.

Hess’s peers Concho Resources (CXO) and Newfield Exploration (NFX) have short interest ratios of ~5% and ~6.2%, respectively.

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