Analyzing Short Interest in Marathon Oil’s Stock

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.

Analyzing Short Interest in Marathon Oil’s Stock

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.

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.