uploads/2017/06/MRO-1Q17-Short-Interest-1.jpg

Analyzing Short Interest in Marathon Oil’s Stock

By

Updated

Short interest in Marathon Oil’s stock

As of June 14, 2017, Marathon Oil’s (MRO) total shares shorted (or short interest) stood at ~46.89 million, whereas its average daily volume is ~14.34 million. This means short interest ratio in MRO’s stock is ~3.3x. The 52-week range for short interest ratio in MRO’s stock is 1.4x–5.0x.

Current short interest in MRO’s stock as a percentage of shares outstanding is ~4.67%—higher than many other companies from the SPDR S&P Oil and Gas Exploration & Production ETF (XOP).

Year-to-date, short interest in Marathon Oil’s stock as a percentage of shares outstanding has decreased from ~5.25% to ~4.67%, despite a ~29% decrease in its stock price.

Article continues below advertisement

Other upstream players

Kosmos Energy (KOS) and W&T Offshore (WTI) have short interest as a percentage of shares outstanding of ~8.4%, and ~4.5%, respectively. The Direxion Daily Energy Bull 3X ETF (ERX) is a leveraged ETF that invests in domestic companies from the energy sector.

Advertisement

More From Market Realist