Has Short Interest in Chevron Risen since September 2016?



Short interest in Chevron

Short interest in Chevron (CVX) has been rising since the beginning of 2016. If we consider the change since mid-September 2016, CVX’s short interest has risen 10%. 

This rise indicates that there’s been a rise in bearish sentiment for the stock. However, during the same period, contrary to the market sentiment, Chevron has risen 19%.

In the same period, Chevron’s peer Statoil (STO) has witnessed a 13% rise in its short interest. However, the short interests of Petrobras (PBR), PetroChina (PTR), and Suncor Energy (SU) have fallen 33%, 37%, and 20%, respectively, since mid-September.

All the above stocks have seen rises in their prices. STO, PBR, PTR, and SU have risen 23%, 22%, 19%, 28%, respectively, since mid-September. If you’re looking for exposure to energy sector stocks, you can consider the Energy Select Sector SPDR ETF (XLE).

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