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Understanding the Short Interest Trends in Noble Energy Stock

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Short interest in Noble Energy stock

The short interest ratio (or short interest as a percentage of float) in Noble Energy (NBL) stock on June 27, 2017, was ~3.4%. 

At the beginning of January 2017, NBL’s short interest ratio was ~2.9%.

Noble Energy’s stock price was $28.27 on June 26, 2017. On January 3, 2017, it was $33.99. As the graph above shows, Noble Energy’s stock price and short interest ratio have mostly been moving in opposite directions.

Noble Energy’s peers Antero Resources (AR) and Rice Energy (RICE) have short interest ratios of ~6.3% and ~6%, respectively. These companies make up ~4% of the iShares US Oil & Gas Exploration & Production ETF (IEO).

Note that EQT Corporation (EQT) recently acquired RICE Energy. The transaction is expected to close in 4Q17. To learn more, read EQT-RICE Deal: Key Implications and Stock Reaction.

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