The short interest data have been released for the September 30 settlement date. With oil prices seemingly on the slow path to recovery and the Dow and S&P 500 slipping away from their highs, short interest is now more important than ever to follow. Crude oil has recovery to around the $50 level, which is a step in the right direction for major oil, but still this level is practically half of what it was in 2014.
The September 30 short interest data have been compared with the previous figures, and short interest for the selected oil stocks was mixed.
Chevron Corp. (NYSE: CVX) saw its short interest increase to 35.35 million shares from the previous reading of 34.37 million. Its shares closed Tuesday at $103.04, in a 52-week trading range of $75.33 to $107.58.
Exxon Mobil Corp. (NYSE: XOM) had short interest that rose to 58.28 million shares from the previous 54.17 million. Shares closed Tuesday at $87.74, within a 52-week range of $71.55 to $95.55.
BP PLC (NYSE: BP) short interest decreased to 14.00 million shares from its previous reading of 14.76 million. Shares closed Tuesday at $35.78, in a 52-week range of $27.01 to $37.53.
ConocoPhillips (NYSE: COP) saw the number of its shares short increase slightly to 16.86 million from the previous level of 16.67 million. Shares closed Tuesday at $43.33, within a 52-week range of $31.05 to $57.24.
Petroleo Brasileiro S.A. (NYSE: PBR), or Petrobras, saw its short interest decrease to 73.24 million shares from the previous 77.37 million. The stock closed Tuesday at $10.69 a share, in a 52-week range of $2.71 to $10.97. Unfortunately, Petrobras may be trading on an entirely different set of fundamentals and sentiment due to its ongoing woes in Brazil.
Occidental Petroleum Corp.’s (NYSE: OXY) short interest increased slightly to 14.47 million shares from the previous reading of 14.26 million. Shares closed most recently at $73.69, in a 52-week range of $58.24 to $78.48.
Take Charge of Your Retirement: Find the Right Financial Advisor For You in Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding professional guidance—and we’ve made it easier than ever for you to connect with the right financial advisor for your unique needs.
Here’s how it works:
1️ Answer a Few Simple Questions
Tell us a bit about your goals and preferences—it only takes a few minutes!
2️ Get Your Top Advisor Matches
This tool matches you with qualified advisors who specialize in helping people like you achieve financial success.
3️ Choose Your Best Fit
Review their profiles, schedule an introductory meeting, and select the advisor who feels right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.