Short interest in Gulfport Energy stock
- As of August 15, 2017, Gulfport Energy’s (GPOR) total shares shorted (or short interest) stood at ~8.3 million, whereas its average daily volume was ~4.9 million. This means the short interest ratio for GPOR stock is ~1.71x. Here Gulfport Energy stock’s average daily volume is calculated for the short interest reporting period from August 1, 2017, to August 15, 2017.
- Gulfport Energy’s short interest ratio has a 52-week high of 4.11x and a 52-week low of 1.47x.
- Gulfport Energy’s short interest as a percentage of its 20-day average volume, 90-day average volume, and 180-day average volume is 1.77x, 2.01x, and 2.00x, respectively.
- The current short interest in Gulfport Energy’s stock as a percentage of shares outstanding is ~4.5%.
- Short interest in Gulfport Energy’s stock as a percentage of shares outstanding is on the lower side when compared with many other natural gas stocks from the SPDR S&P Oil and Gas Exploration & Production ETF (XOP).
- As seen in the above chart, short interest in Gulfport Energy stock as a percentage of shares outstanding has fallen from ~5.2% to ~4.5% in 2017 despite the ~45% decline in GPOR’s stock price during the same period. To know more about GPOR stock’s price performance in 2017, refer to part one of this series.
Other upstream players
As of August 15, 2017, other oil and gas exploration and production companies like CONSOL Energy (CNX), Range Resources (RRC), and Southwestern Energy (SWN) have short interest as a percentage of shares outstanding of ~12.1%, ~11.2%, and ~9.0%, respectively. Just like Gulfport Energy, Southwestern Energy (SWN), and CONSOL Energy (CNX) saw a decrease in their short interest in the last one month. Range Resources saw an increase in its short interest. The Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3x Shares (DRIP) is a leveraged inverse ETF that invests in oil and gas exploration and production companies. The ISE-Revere Natural Gas Index Fund (FCG) invests in natural gas producers.