uploads///ECA WU Short Interest

What’s the Short Interest in Encana’s Stock?

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Jan. 31 2017, Updated 1:05 p.m. ET

Short interest in Encana stock

  • As of January 13, 2017, Encana’s (ECA) total shares shorted (or short interest) stood at ~21.0 million, whereas its average daily volume is ~10.6 million, which means the short interest ratio for ECA stock is ~2x.
  • Current short interest in ECA stock as a percentage of shares outstanding is on the lower side at ~2.2% when compared with all other upstream companies from the SPDR S&P Oil and Gas Exploration & Production ETF (XOP).
  • As seen in the above chart, Encana’s short interest as a percentage of shares outstanding has increased marginally from ~1.8% to ~2.2% despite a ~37% increase in its stock price in the first week of November 2016.
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Short interest in ECA peers

Other upstream companies California Resources (CRC), Devon Energy (DVN), and EOG Resources (EOG) have short interest as a percentage of shares outstanding of ~27%, ~2%, and ~2%, respectively. The Direxion Daily Energy Bull 3X ETF (ERX) is a leveraged ETF that invests in domestic companies from the energy sector.

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