The short interest data have been released for the January 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 January 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 27.23 million shares from the previous reading of 26.14 million. The October readings were the highest short interest for the past year. Shares closed Wednesday at $83.29, in a 52-week trading range of $69.58 to $112.93.
Exxon Mobil Corp. (NYSE: XOM) saw its short interest rise to 52.19 million shares from the previous level of 50.45 million. Shares closed Wednesday at $75.29, within a 52-week trading range of $66.55 to $93.45.
BP PLC (NYSE: BP) short interest increased to 7.71 million shares, from its previous reading of 5.5 million. Shares closed Wednesday at $30.68, in a 52-week trading range of $27.56 to $43.85.
ConocoPhillips (NYSE: COP) saw the number of its shares short increase to 44.57 million from the previous level of 40.92 million. Shares closed Wednesday at $36.21, within a 52-week trading range of $32.71 to $70.11.
Petroleo Brasileiro S.A. (NYSE: PBR), or Petrobras, saw its short interest fall to 196.39 million shares from its previous reading of 179.63 million. Shares closed Wednesday at $3.13, 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 jumped to 15.00 million shares from the previous reading of 13.17 million. Shares closed most recently at $64.16, in a 52-week trading range of $58.24 to $83.74.
The Average American Has No Idea How Much Money You Can Make Today (Sponsor)
The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.
But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
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.