Energy

Short Interest Continues to Back Off Major Oil

Chris Lange

Published: April 12, 2016 8:50 am

Last Updated: January 13, 2020 10:53 am

The short interest data have been released for the March 31 settlement date. With oil prices seemingly on the path to recovery and global markets slowly getting stronger, short interest is now more important than ever to follow.

The March 31 short interest data have been compared with the previous figures, and short interest for the selected stocks is down.

Chevron Corp. (NYSE: CVX) saw its short interest decrease to 23.22 million shares from the previous reading of 26.81 million. Shares closed Monday at $95.24, in a 52-week trading range of $69.58 to $112.20.

Exxon Mobil Corp. (NYSE: XOM) had short interest that fell to 44.04 million shares from the previous level of 46.35 million. Shares closed Monday at $83.32, within a 52-week range of $66.55 to $90.09.

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