Whiting Petroleum (WLL) Short Interest Ratio & Short Volume

Short interest is the volume of Whiting Petroleum shares that have been sold short but have not yet been closed out or covered. As of June 15th, traders have sold 2,630,000 shares of WLL short. 6.75% of Whiting Petroleum's shares are currently sold short. Learn More on Whiting Petroleum'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. WLL shares currently have a short interest ratio of 5.0. Learn More on Whiting Petroleum's short interest ratio.

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. 6.75% of Whiting Petroleum's floating shares are currently sold short.

Whiting Petroleum saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 2,630,000 shares, an increase of 20.1% from the previous total of 2,190,000 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.

Whiting Petroleum currently has issued a total of 39,242,000 shares. Some of Whiting Petroleum'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. Whiting Petroleum currently has a public float of 38,990,000 shares.

6.75% of Whiting Petroleum's shares are currently sold short. Here is how the short interest of companies in the sector of "oils/energy" compare to Whiting Petroleum: Comstock Resources, Inc. (37.19%), Kosmos Energy Ltd. (8.36%), SilverBow Resources, Inc. (6.39%), SM Energy (10.06%), Southwestern Energy (4.25%), Matador Resources (8.61%), Range Resources Co. (6.83%), Atlas Energy Solutions Inc. (9.76%), Talos Energy Inc. (6.30%), Black Stone Minerals, L.P. (2.79%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($3.58 billion), Occidental Petroleum Co. ($3.23 billion), Lucid Group, Inc. ($2.31 billion), Coinbase Global, Inc. ($1.73 billion), Snowflake Inc. ($1.71 billion), Chesapeake Energy Co. ($1.66 billion), Rivian Automotive, Inc. ($1.63 billion), Williams-Sonoma, Inc. ($1.51 billion), Lumen Technologies, Inc. ($1.40 billion), and Diamondback Energy, Inc. ($1.37 billion). View all of the most shorted stocks.

Short selling WLL is an investing strategy that aims to generate trading profit from Whiting Petroleum as its price is falling. 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 Whiting Petroleum 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 WLL, 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 WLL, twice per month. The most recent reporting period available is June, 15 2022.