Major Oil Short Interest on the Rise
Short interest data for major oil stocks was released for the October 31 settlement date.
Short interest data for major oil stocks was released for the October 31 settlement date.
This Wednesday's top analyst upgrades, downgrades and initiations include Intel, LINN Energy, MFA Financial, Michael Kors, Time, Yahoo!, Chuy's.
ConocoPhillips reported lower third-quarter 2014 results before markets opened Thursday morning.
The third largest U.S. integrated oil company, ConocoPhillips, reports its third-quarter results Thursday morning before the markets open.
Short interest data for the October 15 settlement date shows that most of the top oil stocks had fewer shares sold short.
Most of the top oil stocks, with the exception of Petrobras, saw their short interest fall in late September.
Nearly every oil industry analyst, participant and casual observer expects the price of oil to continue to slide from the current level.
Investors appeared to be shying away from shorting big oil companies in early September, with the exception of BP.
24/7 Wall St. has looked at the top oil and gas companies and seen some significant changes in the short interest in the sector.
Stocks of several U.S. energy companies took a beating Wednesday morning following the EIA's weekly report on petroleum inventories.
Merrill Lynch made some key changes to its oil ratings on Tuesday, specifically to Chevron, ConocoPhillips and Total.
These are the top analyst upgrades and downgrades covered by 24/7 Wall St. on Tuesday, September 9, 2014.
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