U.S. Markets closed

Gauging Short Interest in Phillips 66 ahead of Q2 2018 Earnings

Michelle Rey
Gauging Short Interest in Phillips 66 ahead of Q2 2018 Earnings

Short interest in Phillips 66 (PSX), expressed as a percentage of shares outstanding, has fallen by 0.4 percentage points since May 15 to 1.2%. Normally, everything else being equal, a drop in short interest could indicate a decrease in bearish sentiment for a stock. In the same period, Phillips 66 stock price fell 6.1%.