The short interest data have been released for the July 31 settlement date. It just so happens that some of the latest short interest readings for major oil companies are backing off highs, while others are pushing on new highs.
The July 31 short interest data have been compared with the previous figures, and short interest for some of the selected stocks is up.
Chevron Corp. (NYSE: CVX) saw its short interest increase to 18.12 million shares from the previous reading of 17.17 million. Shares closed Tuesday at $85.78, in a 52-week trading range of $82.89 to $129.53.
Exxon Mobil Corp. (NYSE: XOM) saw its short interest rise to 42.26 million shares from the previous level of 41.37 million. Shares closed Tuesday at $77.49, within a 52-week trading range of $76.33 to $100.31.
BP PLC’s (NYSE: BP) short interest increased to 8.75 million shares, from its previous reading of 8.26 million. Shares closed Tuesday at $36.05, in a 52-week trading range of $34.88 to $48.60.
ConocoPhillips (NYSE: COP) saw the number of its shares short decrease slightly to 28.21 million from the previous level of 28.39 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 Tuesday at $50.40, within a 52-week trading range of $48.33 to $81.47.
Petroleo Brasileiro S.A. (NYSE: PBR), or Petrobras, saw its short interest rise to 139.56 million shares from its previous reading of 138.17 million. Shares closed Tuesday at $6.25, 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 decreased to 9.92 million shares from the previous reading of 10.43 million. Shares closed most recently at $71.48, in a 52-week trading range of $67.30 to $100.27.
ALSO READ: The 6 Most Shorted NYSE Stocks
Essential Tips for Investing (Sponsored)
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
