What Are the Short Interest Trends in Continental Resources’ Stock?



Short interest in CLR’s shares

On October 19, 2016, the short interest as a percentage of float, or short interest ratio, in Continental Resources’ (CLR) stock was 23%. Its short interest ratio on June 30, 2016, was 26%. This means that since the end of 1Q16, Continental Resources’ short interest has fallen ~12%.

Continental Resources’ stock price during these two periods was $45.27 on June 30, 2016, and $53.18 on October 19, 2016. As we can see in the graph above, the company’s stock price and short interest as a percentage of its float have been moving in opposite directions.

By comparison, peers Anadarko Petroleum (APC) and Hess Corporation (HES) have short interest ratios of ~2.2% and ~7.7%, respectively. Notably, these companies make up 6% of the Energy Select Sector SPDR ETF (XLE).

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