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What Do the Short Interest Trends in Chesapeake Stock Tell Us?

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Feb. 14 2017, Updated 9:06 a.m. ET

Short interest in CHK shares

On February 9, 2017, the short interest as a percentage of float (or short interest ratio) in Chesapeake Energy (CHK) stock was 12.2%. Its short interest ratio three months ago was ~15.7%.

Chesapeake Energy’s stock price during these two periods was $5.77 on November 9, 2016, and $6.31 on February 9, 2017. Broadly, as we can see in the graph below, Chesapeake Energy’s stock price and short interest as a percentage of float have been moving in opposite directions.

In comparison, peers Antero Resources (AR) and Cabot Oil and Gas (COG) have short interest ratios of ~6.2% and ~4.7%, respectively. These companies make up ~6.1% of the iShares US Oil & Gas Exploration & Production ETF (IEO).

To learn more about CHK’s key fundamentals, please read Market Realist’s series An In-Depth Analysis of Chesapeake Energy: What Will 2017 Bring?

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