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Southwestern Energy Stock: Will Its Downtrend Reverse?

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Short interest in Southwestern Energy stock

As of November 15, 2017, Southwestern Energy’s (SWN) total shares shorted (or short interest) stood at ~41.70 million, while its average daily volume is ~6.13 million. The short interest ratio for Southwestern Energy stock is ~2.51x. In January 2017, the short interest ratio for Southwestern Energy stock made the 52-week high of 3.95x. Southwestern Energy’ short interest ratio has a 52-week low of 2.38x, which was made in November 2017. The average daily volume is calculated for the short interest reporting period on November 1–15, 2017.

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Compared to the shares outstanding, the current short interest in Southwestern Energy stock as a percentage of total shares outstanding is ~8.1%. Since the beginning of 2017, the short interest in Southwestern Energy stock as a percentage of shares outstanding has fallen from ~10.3% to ~8.1%. During this period, Southwestern Energy stock has fallen ~51%. Short sellers reduced their short bets in Southwestern Energy stock as the stock price decreased. It could mean that they feel that the fall in Southwestern Energy stock might slow down or reverse.

Other oil and gas producers

As of November 15, 2017, other oil and gas exploration and production companies like Range Resources (RRC), Murphy Oil (MUR), and Marathon Oil (MRO) have short interest of ~29.6 million, ~33.2 million, and ~27.9 million, respectively.

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