Short interest in ConocoPhillips stock
As of March 15, 2017, ConocoPhillips’s (COP) total shares shorted (or short interest) stood at ~15.9 million, whereas its average daily volume was ~7.7 million. Thus, the short interest ratio for COP’s stock is ~2.1x.
The current short interest in COP as a percentage of shares outstanding stands at ~1.3%. As seen in the above chart, since the start of 2017, short interest in ConocoPhillips stock as a percentage of shares outstanding has risen from ~1.2% to ~1.3% despite the ~9% fall in COP’s stock price during the same period. To learn more about COP’s price trend, refer to part one of this series.