Short interest trends in OAS stock
On July 20, short interest as a percentage of float in Oasis Petroleum (OAS) stock (its short interest ratio) was ~13.01%. In July 2017, Oasis Petroleum’s short interest ratio was 17.41%.
As you can see in the chart above, short interest in OAS and its stock have both been rising since the beginning of this year. However, OAS stock has been seeing more momentum than the increase in the short interest. Although its short interest has risen compared to its levels at the beginning of the year, it’s lower than its 2017 levels.
OAS stock has increased significantly since 2017, primarily due to increasing crude oil prices (DBO). Oasis Petroleum’s stock price was $7.86 on July 20, 2017, while it was $12.08 on July 20, 2018, an increase of 53.69%.
Short interest of peers
Among Oasis Petroleum’s peers, Newfield Exploration (NFX), Hess Corporation (HES), and Cimarex Energy (XEC) had short interest ratios of 4.64%, 7.18%, and ~5.5%, respectively, on July 20. These companies had short interest ratios of 5.65%, 9.9%, and 1.93%, respectively, on July 20, 2017.
To learn more about Oasis Petroleum, please read Will Oasis Stock Keep Up Its Momentum after Q2 2018 Earnings?