The short interest data have been released for the March 31 settlement date. With oil prices seemingly on the path to recovery and global markets slowly getting stronger, short interest is now more important than ever to follow.

The March 31 short interest data have been compared with the previous figures, and short interest for the selected stocks is down.

Chevron Corp. (NYSE: CVX) saw its short interest decrease to 23.22 million shares from the previous reading of 26.81 million. Shares closed Monday at $95.24, in a 52-week trading range of $69.58 to $112.20.

Exxon Mobil Corp. (NYSE: XOM) had short interest that fell to 44.04 million shares from the previous level of 46.35 million. Shares closed Monday at $83.32, within a 52-week range of $66.55 to $90.09.

BP PLC (NYSE: BP) short interest increased to 9.93 million shares from its previous reading of 8.00 million. Shares closed Monday at $30.31, in a 52-week range of $27.01 to $43.85.

ConocoPhillips (NYSE: COP) saw the number of its shares short decrease to 19.37 million from the previous level of 26.15 million. Shares closed Monday at $41.19, within a 52-week range of $31.05 to $69.72.

Petroleo Brasileiro S.A. (NYSE: PBR), or Petrobras, saw its short interest decrease to 115.86 million shares from the previous 128.75 million. Shares closed Monday at $5.89, in a 52-week trading range of $2.71 to $10.55. Unfortunately, Petrobras may be trading on an entirely different set of fundamentals and sentiment due to its woes in Brazil.

Occidental Petroleum Corp. (NYSE: OXY) short interest fell to 8.77 million shares from the previous reading of 9.72 million. Shares closed most recently at $70.79, in a 52-week trading range of $58.24 to $82.06.

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