Why Has the Short Interest in ExxonMobil Stock Risen?
The short interest (percentage of outstanding shares) in ExxonMobil (XOM) stock has risen from 0.67% on October 1 (the beginning of the current quarter) to 0.71%. Usually, a rise in the short interest indicates an increase in the bearish sentiment for the stock. During the same period, ExxonMobil’s stock price has fallen 10.3%. The short interest in ExxonMobil and its stock price have moved in the opposite direction in the fourth quarter.