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Whiting Petroleum’s Short Interest Trends

Keisha Bandz - Author
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Aug. 18 2020, Updated 6:22 a.m. ET

Short interest in Whiting Petroleum stock

Whiting Petroleum’s (WLL) short interest ratio (short interest as a percentage of float) is currently higher than it was a year ago, standing at ~13.34% in comparison to ~4.95%. WLL’s short interest started rising sharply last November after the company announced a one-for-four reverse stock split decision. However, as shown in the graph below, it has been following a declining trend recently, which could suggest that some investors have cut their bearish bets on the stock.

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Peers’ short interest

  • Hess’s (HES) short interest ratio was 7.18% on July 20, compared with ~9.9% a year prior.
  • Continental Resources’ (CLR) short interest ratio was ~11.34% on July 20, compared with ~22.83% a year prior.
  • Apache’s (APA) short interest ratio was 8.30% on July 20, compared with 7.21% a year prior.

WLL stock has increased significantly since the start of this year, boosted by crude oil prices (UCO) and the company’s strong first-quarter results. As of July 20, WLL stock had risen 142.43% year-over-year to $49.65 from $20.48. To know more about the company, read Whiting Petroleum: Lower Net Debt and Improving Cash Flows.

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