Short interest in California Resources stock
- As of May 30, 2017, California Resources’ (CRC) total shares shorted (or short interest) stood at ~13.0 million, whereas its average daily volume is ~2.1 million. This means the short interest ratio in CRC’s stock is ~6.3x. The 52-week range for short interest in CRC’s stock is 2.9x–8.1x.
- Current short interest in CRC’s stock as a percentage of shares outstanding is ~30.4%. This level of short interest is on the much higher side when compared with all other oil and gas exploration and production companies from the SPDR S&P Oil and Gas Exploration & Production ETF (XOP).
- Year-to-date, short interest in California Resources’ stock as a percentage of shares outstanding has risen from ~27.1% to ~30.4% despite the ~49% decrease in its stock price.
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