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Short Interest Trends in Concho Resources’ Stock

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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.

Concho Resources’ peers Anadarko Petroleum (APC) and Hess (HES) have short interest ratios of ~2.5% and ~6.1%, respectively. These companies make up 4.8% of the Energy Select Sector SPDR ETF (XLE).

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