Phillips 66 (PSX) Short Interest Ratio & Short Volume

Short interest is the volume of Phillips 66 shares that have been sold short but have not yet been closed out or covered. As of May 15th, investors have sold 9,610,000 shares of PSX short. Learn More on Phillips 66'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. PSX shares currently have a short interest ratio of 3.0. Learn More on Phillips 66's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Phillips 66: JPMorgan Chase & Co., Susquehanna International Group LLP, Jane Street Group LLC, Balyasny Asset Management L.P., Cubist Systematic Strategies LLC, Two Sigma Securities LLC, Eisler Capital UK Ltd., Group One Trading L.P., BNP Paribas Arbitrage SNC, PEAK6 Investments LLC, UBS Group AG, K2 Principal Fund L.P., Optiver Holding B.V., Garda Capital Partners LP, MAI Capital Management, Capula Management Ltd, Capstone Investment Advisors LLC, Portman Square Capital LLP, XR Securities LLC, Cutler Group LLC CA, Simplex Trading LLC, and IMC Chicago LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Phillips 66 saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 9,610,000 shares, a decline of 4.1% from the previous total of 10,020,000 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.

Here is how the short interest of companies in the sector of "oils/energy" compare to Phillips 66: Valero Energy Co. (2.78%), Marathon Petroleum Co. (2.91%), Hess Co. (1.53%), Suncor Energy Inc. (4.41%), Equinor ASA (0.21%), BP p.l.c. (0.34%), ConocoPhillips (0.84%), TC Energy Co. (2.24%), Energy Transfer LP (2.23%), Pioneer Natural Resources (1.75%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Enbridge Inc. ($4.29 billion), T-Mobile US, Inc. ($4.17 billion), Charter Communications, Inc. ($3.07 billion), Occidental Petroleum Co. ($2.81 billion), Moderna, Inc. ($2.37 billion), Coinbase Global, Inc. ($2.27 billion), T. Rowe Price Group, Inc. ($1.98 billion), Verisk Analytics, Inc. ($1.94 billion), Extra Space Storage Inc. ($1.88 billion), and Xylem Inc. ($1.61 billion). View all of the most shorted stocks.

Short selling PSX is an investing strategy that aims to generate trading profit from Phillips 66 as its price is falling. PSX shares are trading up $1.44 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 Phillips 66 occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of PSX, 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 PSX, twice per month. The most recent reporting period available is May, 15 2023.