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Analyzing Short Interest Trends in Noble’s Stock

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Jan. 31 2017, Updated 2:06 p.m. ET

Short interest in Noble Energy’s stock

On January 27, 2017, Noble Energy’s (NBL) short interest as a percentage of its float, or its short interest ratio, was ~3.4%. Its short interest ratio at the end of 3Q16 was ~2.6%.

Noble Energy’s stock price was $35.74 on September 30, 2016, and $40.23 on January 27, 2017. Broadly, as we can see in the graph above, Noble Energy’s stock price and short interest ratio have been moving in opposite directions.

Noble Energy’s peers Antero Resources (AR) and Rice Energy (RICE) have short interest ratios of ~6.2% and ~4.8%, respectively. These companies make up ~6% of the iShares US Oil & Gas Exploration & Production ETF (IEO).

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