uploads///SI

A Look at the Short Interest Trends in Oasis Petroleum Stock

By

Jul. 25 2018, Updated 10:32 a.m. ET

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%.

Article continues below advertisement

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?

Advertisement

More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.