The short interest data have been released for the April 29 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 April 29 short interest data have been compared with the previous figures, and short interest for the selected stocks was ultimately mixed.
Chevron Corp. (NYSE: CVX) saw its short interest increase to 30.90 million shares from the previous reading of 23.93 million. Shares closed Tuesday at $101.27, in a 52-week trading range of $69.58 to $109.30.
Exxon Mobil Corp. (NYSE: XOM) had short interest that fell to 40.63 million shares from the previous level of 41.62 million. Shares closed Tuesday at $89.24, within a 52-week range of $66.55 to $90.00.
BP PLC (NYSE: BP) short interest increased to 13.60 million shares from its previous reading of 12.14 million. Shares closed Tuesday at $31.68, in a 52-week range of $27.01 to $43.20.
24/7 Wall St.ConocoPhillips (NYSE: COP) saw the number of its shares short decrease to 18.81 million from the previous level of 19.23 million. Shares closed Tuesday at $42.87, within a 52-week range of $31.05 to $66.22.
Petroleo Brasileiro S.A. (NYSE: PBR), or Petrobras, saw its short interest decrease to 119.75 million shares from the previous 122.66 million. Shares closed Tuesday at $7.35, in a 52-week trading range of $2.71 to $10.46. 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 increased to 11.78 million shares from the previous reading of 9.94 million. Shares closed most recently at $76.41, in a 52-week trading range of $58.24 to $79.89.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
