Chevron (CVX) Short Interest Ratio & Short Volume

Short interest is the volume of Chevron shares that have been sold short but have not yet been covered or closed out. As of March 31st, traders have sold 49,670,000 shares of CVX short. 2.67% of Chevron's shares are currently sold short. Learn More on Chevron's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. CVX shares currently have a short interest ratio of 6.0. Learn More on Chevron's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Chevron: Portman Square Capital LLP, IMC Chicago LLC, Curated Wealth Partners LLC, Austin Private Wealth LLC, Nomura Holdings Inc., Readystate Asset Management LP, Bluefin Capital Management LLC, GTS Securities LLC, Torno Capital LLC, Barclays PLC, PARK CIRCLE Co, Wolverine Trading LLC, Paloma Partners Management Co, Parallax Volatility Advisers L.P., HAP Trading LLC, BlueCrest Capital Management Ltd, Caas Capital Management LP, Citadel Advisors LLC, Clear Street Markets LLC, CMT Capital Markets Trading GmbH, Point72 Asset Management L.P., Cubist Systematic Strategies LLC, Balyasny Asset Management L.P., Nomura Holdings Inc., Verition Fund Management LLC, Capital Fund Management S.A., PEAK6 Investments LLC, Optiver Holding B.V., Eisler Capital US LLC, Eisler Capital UK Ltd., Goldman Sachs Group Inc., Bank of Nova Scotia, Avestar Capital LLC, Capstone Investment Advisors LLC, Allianz Asset Management GmbH, Mendel Money Management, US Bancorp DE, IMC Chicago LLC, One River Asset Management LLC, Wells Fargo & Company MN, UBS Group AG, BNP Paribas Financial Markets, Gladius Capital Management LP, CenterStar Asset Management LLC, Concourse Financial Group Securities Inc., CTC LLC, Simplex Trading LLC, XR Securities LLC, Wolverine Asset Management LLC, SpiderRock Advisors LLC, and Portman Square Capital LLP. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 2.67% of Chevron's floating shares are currently sold short.

Chevron saw a decline in short interest in March. As of March 31st, there was short interest totaling 49,670,000 shares, a decline of 4.1% from the previous total of 51,810,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Chevron currently has issued a total of 1,857,270,000 shares. Some of Chevron's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Chevron currently has a public float of 1,860,000,000 shares.

2.67% of Chevron's shares are currently sold short. Here is how the short interest of companies in the sector of "oils/energy" compare to Chevron: Exxon Mobil Co. (2.65%), ConocoPhillips (1.09%), BP p.l.c. (0.21%), Equinor ASA (0.35%), Marathon Petroleum Co. (2.14%), Shell plc (0.18%), TotalEnergies SE (0.24%), Canadian Natural Resources Limited (4.50%), EOG Resources, Inc. (1.67%), Schlumberger Limited (1.36%),

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($4.49 billion), T-Mobile US, Inc. ($3.94 billion), General Motors ($3.34 billion), Charter Communications, Inc. ($3.32 billion), Occidental Petroleum Co. ($3.21 billion), Super Micro Computer, Inc. ($3.13 billion), Coinbase Global, Inc. ($3.08 billion), Moderna, Inc. ($2.28 billion), Tractor Supply ($2.24 billion), and Royal Caribbean Cruises Ltd. ($2.14 billion). View all of the most shorted stocks.

Short selling CVX is an investing strategy that aims to generate trading profit from Chevron as its price is falling. CVX shares are trading up $1.09 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Chevron occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of CVX, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including CVX, twice per month. The most recent reporting period available is March, 31 2024.