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Short Interest Trends in Whiting Petroleum Stock

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Short interest in Whiting Petroleum stock

As of June 22, the short interest ratio (short interest as a percentage of float) for Whiting Petroleum (WLL) stock was ~14%. Same time last year, the short interest ratio for Whiting Petroleum stock was ~4.8%.

The short interest in Whiting Petroleum soared in November last year after the company announced its one-for-four reverse stock split decision. Since then, the short interest in Whiting Petroleum stock has mainly been high. Recently, there has been a declining trend, which you can see in the above chart. A fall in the short interest indicates that at least some investors have cut their negative bets on the stock.

Apache (APA) had a short interest ratio of ~8% as of June 22—compared to 7.2% a year ago. Cimarex Energy (XEC) had a short interest ratio of ~3.6% on June 22—compared to a short interest ratio of ~3.3% a year ago. The short interest in Oasis Petroleum (OAS) was ~13%—compared to 15.8% a year ago.

Whiting Petroleum stock has been showing an uptrend since the beginning of this year due to strong crude oil prices (DBO) (UCO) and upbeat fourth-quarter and first-quarter earnings. On June 22, Whiting Petroleum stock was at $55.46—compared to $20.56 a year ago. To learn about what has been driving Whiting Petroleum stock lately, read Factors Driving Whiting Petroleum Stock in 2018.

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