The short interest data have been released for the June 15 settlement date. It just so happens that some of the latest short interest readings for major oil companies are backing off of highs, while others are attempting to push new highs.
The June 15 short interest data have been compared with the previous figures, and short interest for the selected stocks is largely up.
Chevron Corp. (NYSE: CVX) saw its short interest increase to 18.13 million shares from the previous reading of 16.34 million. The previous readings have been the highest short interest for the past year, until these last couple of readings dropped off from that level. Shares closed Wednesday at $99.27, in a 52-week trading range of $98.81 to $135.10.
Exxon Mobil Corp. (NYSE: XOM) saw its short interest rise to 36.00 million shares from the previous level of 34.66 million. Shares closed Wednesday at $84.68, within a 52-week trading range of $82.68 to $104.76.
BP PLC (NYSE: BP) short interest fell slightly to 10.06 million shares, from its previous reading of 10.29 million. Some of its most recent readings are the highest on its 52-week range, excluding a spike in September. However, it looks like short interest is beginning to back off of these highs. Shares closed Wednesday at $41.83, in a 52-week trading range of $34.88 to $53.48.
ConocoPhillips (NYSE: COP) saw the number of its shares short increase to 26.30 million from the previous level of 24.72 million. Note that the most recent short interest readings back to December are at an elevated level compared to the other half of the 52-week range. Shares closed Wednesday at $62.83, within a 52-week trading range of $60.57 to $87.09.
ALSO READ: The 6 Most Heavily Shorted NYSE Stocks in June
Petroleo Brasileiro S.A. (NYSE: PBR), or Petrobras, saw its short interest fall to 130.38 million shares from its previous reading of 136.52 million. The current short interest level is roughly four times larger than it was a year ago. Shares closed Wednesday at $9.47, in a 52-week trading range of $4.90 to $20.94. 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 jumped to 10.49 million shares from the previous reading of 6.77 million. Shares closed most recently at $79.32, in a 52-week trading range of $71.70 to $100.27.
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.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
