Short Interest In Oasis Petroleum Declines 15.5%

Dec 26 2013, 10:39am CST | by

The most recent short interest data has been released by the NASDAQ for the 12/13/2013 settlement date, which shows a 1,413,228 share decrease in total short interest for Oasis Petroleum Inc. (NYSE: OAS), to 7,683,152, a decrease of 15.54% since 11/29/2013. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the “days to cover” metric because it considers both the total shares short and the average daily volume of shares traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days (at the average volume) it would take to close out all of the open short positions if every share traded represented a short position being closed. Average daily volume for OAS at the 12/13/2013 settlement increased to 3,238,354, as compared to 2,051,759 at the 11/29/2013 report. That brought “days to cover” down to 2.37, a 46.49% decrease from the 4.43 days to cover calculated at the previous short interest data release.

Start slideshow:
Top 25 S.A.F.E. Dividend Stocks »/>

The below chart shows the historical “days to cover” for OAS at previous short interest release dates:

A decreased “days to cover” value could indicate that short sellers are no longer expecting the same decline in stock price they once were, or it could also indicate a long bet elsewhere was closed where OAS had been shorted as a hedge.

The chart below shows the one year performance of OAS shares, versus its 200 day moving average. Looking at this chart, OAS’s low point in its 52 week range is $30.11 per share, with $57.33 as the 52 week high point — that compares with a last trade of $46.68.

According to the ETF Finder at ETFChannel.com, OAS makes up 2.07% of the First Trust Energy AlphaDEX Fund ETF (FXN) which is higher by about 0.3% on the day Thursday.

See what other ETFs contain one »

In afternoon trading Thursday, OAS was up about 0.3% on the day.

Source: Forbes Business

 
 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Bird flu hits third poultry farm in Netherlands
The Hague, Nov 22 (IANS) An outbreak of bird flu was detected at a third Dutch poultry farm, the country's ministry of economic affairs announced Friday.
 
 
Hollande to visit Guinea next week, focus on fighting Ebola
Paris, Nov 22 (IANS) French President Francois Hollande will visit the West African countries next week, including the Ebola-hit Guinea-Conakry Nov 28 and will focus on ways to eradicate the deadly virus, media reported Friday.
 
 
Carla Bruni to lend voice to combat Ebola
Paris, Nov 22 (IANS/EFE) Former model and former first lady of France, Carla Bruni, will lend her voice to the French version of the song "Do They Know It's Christmas?" to raise funds to help combat Ebola.
 
 
Spanish health worker flown home after possible Ebola contagion
Madrid, Nov 21 (IANS) A Spanish health worker with Doctors Without Borders (MSF) arrived back in Spain Friday morning from Mali after being deemed at risk of contagion from the Ebola virus.
 
 
 

Latest from the Network

Ricki Lake's estranged husband wants prenup to be thrown out
Ricki Lake's estranged husband wants a judge to invalidate their prenuptial agreement. The talk show host, who filed for divorce from Christian Evans on October 16 after two and a half years of marriage, citing...
Read more on Celebrity Balla
 
Jennifer Aniston says losing weight wasn't easy
Jennifer Aniston admits it wasn't easy to lose weight after filming 'Cake'. The 45-year-old actress ''just didn't work out for two-and-a-half months'' and relaxed her healthy diet to prepare for her role in the upcoming...
Read more on Celebrity Balla
 
Chris Pine has more respect for Broadway
Chris Pine has more respect for Broadway stars after taking singing lessons for 'Into The Woods'. The 34-year-old actor, who stars in the upcoming movie adaptation of Stephen Sondheim's Tony Award-winning musical '...
Read more on Celebrity Balla
 
Cody Simpson reunites with Gigi Hadid?
Cody Simpson and Gigi Hadid have sparked rumors they're back together. The 17-year-old singer and the 19-year-old model, who split in May after a year of dating due to their busy schedules, were reportedly ''inseparable...
Read more on Celebrity Balla
 
I felt the pressure of classism as child: Hilary Swank
Los Angeles, Nov 22 (IANS) Actress Hilary Swank says that she felt like an "outsider" at school because of her humble background. "I think we've all felt like an outsider at some point in our lives, and for me,...
Read more on Celebrity Balla
 
Sharif urges Obama to take up Kashmir issue with India
Islamabad, Nov 22 (IANS) US President Barack Obama spoke to Pakistan Prime Minister Nawaz Sharif over telephone Friday and urged him to take up the Kashmir issue with India. Sharif said an early resolution of the...
Read more on Politics Balla
 
Bayern Munich's Schweinsteiger to be back in action
Berlin, Nov 22 (IANS) Bayern Munich midfielder Bastian Schweinsteiger will recover in time for Saturday's Bundesliga home game against Hoffenheim. Bayern coach Pep Guardiola confirmed Schweinsteiger's return, but did...
Read more on Sport Balla
 
Meryl Streep a great actress: Julianne Moore
Los Angeles, Nov 22 (IANS) Actress Julianne Moore says she has always admired Meryl Streep and credited the 65-year-old for inspiring her to become an actress. "I can remember when Meryl Streep was on the cover of...
Read more on Celebrity Balla
 
Bird flu hits third poultry farm in Netherlands
The Hague, Nov 22 (IANS) An outbreak of bird flu was detected at a third Dutch poultry farm, the country's ministry of economic affairs announced Friday. The latest outbreak occurred at a poultry farm in Kamperveen...
Read more on Business Balla
 
Hollande to visit Guinea next week, focus on fighting Ebola
Paris, Nov 22 (IANS) French President Francois Hollande will visit the West African countries next week, including the Ebola-hit Guinea-Conakry Nov 28 and will focus on ways to eradicate the deadly virus, media...
Read more on Business Balla