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Short Sellers’ Positions since COP’s August Rally

Nicholas Chapman
Short Sellers’ Positions since COP’s August Rally

As of June 15, ConocoPhillips’s (COP) total shares shorted (or short interest) stood at ~17.34 million, whereas its average daily volume is ~7.39 million. This means the short interest ratio for COP’s stock is ~2.40x. In October 2017, the short interest ratio for COP’s stock hit a 52-week high of 5.59x. ConocoPhillips’ short interest ratio has a 52-week low of 2.39x, which it hit in April. Here ConocoPhillips stock’s average daily volume is calculated for the short interest reporting period from June 1 to June 15.