The short interest data have been released for the April 29 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 April 29 short interest data have been compared with the previous figures, and short interest for the selected stocks was ultimately mixed.
Chevron Corp. (NYSE: CVX) saw its short interest increase to 30.90 million shares from the previous reading of 23.93 million. Shares closed Tuesday at $101.27, in a 52-week trading range of $69.58 to $109.30.
Exxon Mobil Corp. (NYSE: XOM) had short interest that fell to 40.63 million shares from the previous level of 41.62 million. Shares closed Tuesday at $89.24, within a 52-week range of $66.55 to $90.00.
BP PLC (NYSE: BP) short interest increased to 13.60 million shares from its previous reading of 12.14 million. Shares closed Tuesday at $31.68, in a 52-week range of $27.01 to $43.20.
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