Short interests in TSO and WNR
TSO and WNR have observed mixed changes in their short interests since the end of July 2016. Usually, a rise in short interest indicates a rise in bearish sentiments for a stock.
TSO and WNR have both had opposite changes in short interest since July’s end. Short interest in TSO fell 20%, whereas short interest in WNR rose 68%.
However, in terms of short interest as a percentage of float, WNR’s level of 16.9% was higher than TSO’s 4.1%. In the same period, TSO’s and WNR’s stock prices rose 12% and 38%, respectively.
For exposure to refining stocks, you can consider the iShares Global Energy ETF (IXC), which has ~5% exposure to the sector.