Short interest in Marathon Oil stock
As of July 31, 2017, Marathon Oil’s (MRO) total shares shorted (or short interest) stood at ~42.7 million, while its average daily volume was ~15.5 million. These figures mean that the short interest ratio for MRO’s stock is ~2.75x. Here MRO’s average daily volume is calculated for the short interest reporting period from July 15, 2017, to July 31, 2017.
- Marathon Oil’s short interest ratio has a 52-week high of 5.0x and a 52-week low of 1.5x.
- Marathon Oil’s short interest as a percentage of its 20-day average volume, 90-day average volume, and 180-day average volume is 2.61x, 2.88x, and 3.00x, respectively.
- Current short interest in Marathon Oil stock as a percentage of shares outstanding is ~5.0%.
- Short interest in Marathon Oil’s stock as a percentage of shares outstanding is on the lower side when compared with many other oil and gas producers from the SPDR S&P Oil and Gas Exploration & Production ETF (XOP).
- As seen in the above chart, short interest in Marathon Oil stock as a percentage of shares outstanding has fallen from ~5.3% to ~5.0% in 2017 despite a ~29% decline in MRO’s stock price during the same period. To know more about MRO stock’s recent price performance, refer to part one of this series.
Other upstream players
As of July 31, 2017, other oil and gas exploration and production companies like W&T Offshore (WTI), Southwestern Energy (SWN), and ConocoPhillips (COP) have short interest as a percentage of shares outstanding of ~5.3%, ~8.3%, and ~2.5%, respectively. Just like Marathon Oil, both W&T Offshore (WTI) and Southwestern Energy (SWN) saw a decrease in their short interest in the last one month. 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 & Production companies. The ETF ISE-Revere Natural Gas Index Fund (FCG) invests in natural gas producers.