Major Oil Short Interest Backs Off

Energy

Published: February 10, 2016 9:35 am

Last Updated: January 13, 2020 1:22 pm

The short interest data have been released for the January 29 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 29 short interest data have been compared with the previous figures, and short interest for the selected stocks is largely down.

Chevron Corp. (NYSE: CVX) saw its short interest decrease to 26.34 million shares from the previous reading of 27.23 million. Shares closed Tuesday at $82.92, in a 52-week trading range of $69.58 to $112.93.

Exxon Mobil Corp. (NYSE: XOM) saw its short interest fall slightly to 52.11 million shares from the previous level of 52.19 million. Shares closed Tuesday at $80.08, within a 52-week trading range of $66.55 to $93.45.

BP PLC (NYSE: BP) short interest decreased slightly to 7.58 million shares from its previous reading of 7.71 million. Shares closed Tuesday at $28.95, in a 52-week trading range of $27.56 to $43.85.

ALSO READ: The 6 Most Shorted NYSE Stocks: Short Sellers Pile on Alcoa, Freeport-McMoRan Again

ConocoPhillips (NYSE: COP) saw the number of its shares short decrease to 43.94 million from the previous level of 44.57 million. Shares closed Tuesday at $33.58, within a 52-week trading range of $31.59 to $70.11.

Petroleo Brasileiro S.A. (NYSE: PBR), or Petrobras, saw its short interest increase slightly to 191.18 million shares from the previous 196.39 million. Shares closed Tuesday at $2.99, 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 15.71 million shares from the previous reading of 15.00 million. Shares closed most recently at $65.22, in a 52-week trading range of $58.24 to $83.74.

Are You Still Paying With a Debit Card?

The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.

Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!

Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!

Flywheel Publishing has partnered with CardRatings to provide coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.