Short Sellers Don’t Believe Low Crude Prices Will Last
Short interest fell in four of the six oil & gas companies we track. Do short sellers really believe that oil prices won't go any lower?
Short interest fell in four of the six oil & gas companies we track. Do short sellers really believe that oil prices won't go any lower?
Short sellers loved the winner of a $38 billion acquisition and did not love the company that gave up.
The now-concluded battle over which oil giant would get to pay billions of dollars for Anadarko is now over and short sellers probably made some money no matter which horse they backed.
The top analyst upgrades, downgrades and initiations seen on Wednesday included Alkermes, Alphabet, Apple, ConocoPhillips, FireEye, Lyft, McDonald's, Royal Bank of Scotland, Seagate Technology and Shopify.
Short interest in four top energy stocks fell in the reporting period that ended April 15 while short interest rose in just two.
Short sellers pulled back on their bets for falling share prices among major oil companies in the last two weeks of March.
As crude oil prices rose over the past month, so too has short interest in energy company stocks.
Just when it looked as if crude oil prices were going to pull back, suddenly a one-day surge has taken oil back above $60 per barrel.
The top analyst upgrades, downgrades and initiations seen on Thursday included Apple, ConocoPhillips, Internap, Micron Technology, Steelcase, Vulcan Materials and Wipro.
The February 28 short interest data have been compared with the previous figures, and short interest in most of these selected big oil stocks decreased.
Here are 12 stocks in which Goldman Sachs has issued stellar upside calls in the past three weeks that still have not hit their implied price targets.
The February 15 short interest data have been compared with the previous figures, and short interest moves in these selected big oil stocks were mixed.
The January 31 short interest data have been compared with the previous figures, and short interest in most of these selected big oil stocks decreased.
The top analyst upgrades, downgrades and initiations seen om Monday included AON, Conoco, Groupon, Intuit, JinkoSolar, NextEra, WisdomTree, Xilinx and Yelp.
The January 15 short interest data have been compared with the previous figures, and short interest in most of these selected big oil stocks increased.