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What Are the Short Interest Trends in Chesapeake Energy’s Stock?

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Short interest in Chesapeake Energy’s shares

On July 25, 2016, the short interest as a percentage of its float (or the short interest ratio) of Chesapeake Energy’s (CHK) stock was 17.4%. Its short interest ratio on March 31, 2016, was ~25%. This means that since the end of 1Q16, Chesapeake Energy’s short interest has decreased by ~29%.

Chesapeake Energy’s stock price during these two periods was $4.12 on March 31, 2016, and $5.14 on July 25, 2016. Broadly, as we can see in the graph above, Chesapeake Energy’s stock price and short interest as a percentage of float are inversely related.

Chesapeake Energy’s peers Antero Resources (AR) and Cabot Oil and Gas (COG) have short interest ratios of ~7.2% and ~4%, respectively. These companies make up ~6.1% of the iShares US Oil & Gas Exploration & Production ETF (IEO).

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