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Analyzing Short Interest Trends in Whiting Petroleum Stock

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Short interest in Whiting Petroleum’s shares

On February 7, 2017, the short interest as a percentage of float (or short interest ratio) in Whiting Petroleum (WLL) stock was ~11.7%. On November 6, 2016, the short interest ratio was 24%. So, Whiting Petroleum’s short interest fell considerably in the past three months. Read Did Whiting Petroleum’s Stock Rise Due to Short Covering? to learn more.

Whiting Petroleum’s stock price during these two periods was $8.28 on November 7, 2016, and $10.49 on February 7, 2017. As you can see in the above graph, Whiting Petroleum’s stock price and short interest as a percentage of float have mostly been moving in opposite directions.

Whiting Petroleum’s peers Cimarex Energy (XEC) and Newfield Exploration (NFX) have short interest ratios of ~2.5% and ~2.4%, respectively. These companies make up 6% of the SPDR S&P Oil & Gas Exploration & Production ETF (XOP).

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