Short interest in Whiting Petroleum stock
On March 6, the short interest ratio (short interest as a percentage of float) for Whiting Petroleum (WLL) stock was ~16.3%. In March 2017, the short interest ratio for Whiting Petroleum stock was ~3.2%.
The sharp rise in the short interest in November could be because of Whiting Petroleum’s one-for-four reverse stock split decision, which it finalized in November.
However, since the end of 2017, short interest in WLL has fallen. However, short interest is still higher than year-ago levels. WLL’s stock has been in an uptrend since late 2017. Recently, WLL stock has been trending upwards due to its upbeat 4Q17 earnings. Read Whiting’s Upbeat 4Q17: Just What the Stock Needed? to know more. WLL’s stock on March 6 was $29.3 compared to $42.80 a year ago.