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Whiting Stock: What We Can Gauge from Short Interest Trends

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Short interest in Whiting Petroleum stock

The short interest ratio, or short interest as a percentage of float, in Whiting Petroleum’s (WLL) stock on July 12 was ~11.7%. At the beginning of this year, in January, the short interest ratio in APC’s stock was ~12.6%.

The graph above shows that the short interest ratio in WLL’s stock had increased significantly in June this year before dropping lower. The movements in WLL’s short interest ratio, in general, have been volatile this year, dropping to lower than what they were at the beginning of this year.

WLL’s stock, on the other hand, has seen relatively consistent movements this year. The stock has shown a steady decline since January—one that’s more significant than the decline in its short interest ratio.

WLL’s stock price at the beginning of the year, on January 3, was $12.02. In comparison, its stock price on July 12 was $5.23.

Whiting’s peers Concho Resources (CXO), Hess (HES), and Newfield Exploration (NFX) have short interest ratios of 3.5%, 10.4%, and 4%, respectively.

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