What Does an Analysis of PSX’s Short Interest Reveal?
Since mid-February 2016, Phillips 66 (PSX) has witnessed an 18% fall in its short interest.
![Maitali Ramkumar - Author](https://media.marketrealist.com/brand-img/B3rTvxF2z/200x200/img_20181231_204721-maitali-ramkumar-1595895220527.jpg)
Jul. 27 2016, Updated 9:05 a.m. ET
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PSX’s short interest
Since mid-February 2016, Phillips 66 (PSX) has witnessed an 18% fall in its short interest. This indicates that the bearish sentiment for the stock is weakening. Also, during the same period, PSX’s stock price rose by 1%.
However, in the same period, PSX’s peers Delek US Holdings (DK), HollyFrontier (HFC), and Western Refining (WNR) have witnessed a rise in short interest by 121%, 49%, and 34%, respectively. Their stock prices have fallen by 7%, 29%, and 24%, respectively, since mid-February. The PowerShares Dynamic Large Cap Value ETF (PWV) has ~5% exposure to energy sector stocks.