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Who’s Shorting Whiting Stock: Analyzing WLL’s Short Interest Trends

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Short interest in WLL stock

On September 29, 2017, the short interest as a percentage of float (or short interest ratio) for Whiting Petroleum (WLL) stock was ~23.7%. By contrast, at the beginning of the year, in January 2017, WLL’s short interest ratio was ~12.6%.

As we can see in the chart above, the short interest ratio in WLL’s stock has risen significantly since the beginning of the year. WLL’s stock price, on the other hand, has dropped considerably (though it has been rising more recently).

Remember, a rising short interest ratio indicates a bearish sentiment for a stock.

Whiting Petroleum’s stock price on January 3, 2017, was $12.02, compared with its close of $5.46 on September 29.

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Peer comparisons

By comparison, peers Newfield Exploration (NFX), Cimarex Energy (XEC), and Concho Resources (CXO) had short interest ratios of 4.2%, ~3.2%, and ~4.8%, respectively, on September 29, 2017.

To learn more about Whiting Petroleum (WLL), check out Market Realist’s series What to Expect from Whiting Petroleum for the Rest of 2017.

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