Short interest in Southwestern Energy’s stock fell
- As of January 13, 2017, Southwestern Energy’s (SWN) total shares shorted (or short interest) stood at ~53.1 million, whereas its average daily volume is ~14.7 million. This means the short interest ratio in SWN’s stock is ~3.6x. The 52-week range for the short interest ratio in SWN’s stock is 2.6x–6.5x.
- Current short interest in SWN’s stock as a percentage of shares outstanding is on the higher side at ~10.7% 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, short interest in Southwestern Energy’s stock as a percentage of shares outstanding has fallen from ~12.6% to ~10.7% despite the ~29% decrease in its stock price since mid-September 2016.
Article continues below advertisement