Short interest in Shell
Royal Dutch Shell (RDS.A) has witnessed a 43% fall in its short interest volumes since September’s end 2016. This indicates that the bearish sentiment for the stock is weakening. During the same period, Shell’s stock price has risen 7%.
In the same period, Shell’s peers ExxonMobil (XOM), BP (BP), and Petrobras (PBR) have witnessed falls in their short interests of 19%, 36%, and 16%, respectively. XOM, BP, and PBR’s stock prices have risen 5%, 2%, and 11%, respectively, since September’s end.
If you’re looking for exposure to integrated energy stocks, you can consider the iShares US Energy ETF (IYE). The ETF has ~40% exposure to the sector.