Short Interest Trends in Chesapeake Energy


Dec. 4 2020, Updated 10:43 a.m. ET

Short interest trends

On December 8, the short interest as a percentage of float, or the short interest ratio, for Chesapeake Energy (CHK) stock was ~18.6%. In comparison, the short interest ratio in Chesapeake Energy stock was ~12% in January 2017.

The short interest in Chesapeake Energy stock has risen significantly this year, while the stock has fallen. A rise in the short interest indicates increasing bearish sentiment.

Chesapeake Energy stock has fallen from $6.92 at the beginning of the year to $3.68 as of December 8.

However, the short interest in Chesapeake Energy stock has fallen from the mid-July peak of 22.85% to 21.5% by September 30. Since then, it has continued to fall, as you can see in the above chart.

Lower short interest usually means that at least some investors have cut their negative bets for a stock. They don’t see an ongoing downside in the stock anymore.

Meanwhile, Chesapeake Energy stock continued to fall. In late September, Chesapeake Energy stock started rising. Currently, Chesapeake Energy stock has seen some weakness due to lower natural gas prices. Read Part 1 of this series to learn what else has impacted Chesapeake Energy stock this year.

In comparison, the short interest in Chesapeake Energy’s peers Cabot Oil & Gas (COG) and EQT (EQT) is ~3.6% and ~8.3%, respectively.

Read How Would You Play Chesapeake Energy? Part 2 to learn more.

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