Short interest in Whiting Petroleum stock
On September 8, 2017, the short interest as a percentage of float in Whiting Petroleum (WLL) stock, or its short interest ratio, was ~21.4%. In January, its short interest ratio was ~12.6%. However, the short interest in Whiting Petroleum stock has fallen from the peak of ~23% that it reached by the end of 2Q17.
A decrease in the short interest usually means that investors are more bullish on a stock’s movements.
However, investors’ expectations could be wrong. As you can see in the above chart, Whiting Petroleum stock has shown a consistent falling trend since the beginning of 2017. Whiting Petroleum stock has fallen ~70% year-to-date.
Keep visiting Market Realist to learn about Whiting Petroleum’s stock movements amid the company’s recent steps.