Short interest in Concho Resources’ shares
On July 21, 2016, short interest as a percentage of float (or short interest ratio) in Concho Resources’ (CXO) stock was 5.6%. Its short interest ratio on March 31, 2016, was 6.5%. This means that since the end of 1Q16, Concho Resources’ short interest has decreased by ~12%.
Concho Resources’ stock price was $101.04 on March 31, 2016, and $121.56 on July 21, 2016. Broadly, as we can see in the image above, Concho Resources’ stock price and short interest as a percentage of float are inversely related.