ConocoPhillips
NYSEConocoPhillips short interest jumped 21% over the past week, reaching 23.99 million shares as of March 31st. The surge marks a dramatic acceleration in bearish positioning against the energy giant. Short interest has climbed 52% over the past month, rising from 15.73 million shares in late January to current levels. Days to cover stands at 2.1, indicating shorts can exit positions relatively quickly if needed. The stock traded at $120.26 on April 21st, up 3.3% on the day but down 5.2% over the past month. The price weakness may have emboldened bears to add positions. Cost to borrow remains modest at 0.49%, up slightly from 0.31% a month ago. Utilization has dropped sharply to just 0.18%, down from over 2% in mid-March. The plunge in utilization suggests ample shares remain available for shorting despite the recent increase in positions. Options sentiment shows a put/call ratio of 0.71, below the 20-day average of 0.74. The reading suggests options traders are less bearish than recent norms, creating a divergence from the equity short sellers piling in. ConocoPhillips reports earnings April 30th. The timing of the short build ahead of results suggests bears may be positioning for disappointing guidance or weak commodity price commentary. This is not financial advice. Short interest data may be subject to reporting delays.
Short Sellers Pile Into ConocoPhillips
ConocoPhillips short interest jumped 21% over the past week, reaching 23.99 million shares as of March 31st. The surge marks a dramatic acceleration in bearish positioning against the energy giant. Short interest has climbed 52% over the past month, rising from 15.73 million shares in late January to current levels. Days to cover stands at 2.1, indicating shorts can exit positions relatively quickly if needed. The stock traded at $120.26 on April 21st, up 3.3% on the day but down 5.2% over the past month. The price weakness may have emboldened bears to add positions. Cost to borrow remains modest at 0.49%, up slightly from 0.31% a month ago. Utilization has dropped sharply to just 0.18%, down from over 2% in mid-March. The plunge in utilization suggests ample shares remain available for shorting despite the recent increase in positions. Options sentiment shows a put/call ratio of 0.71, below the 20-day average of 0.74. The reading suggests options traders are less bearish than recent norms, creating a divergence from the equity short sellers piling in. ConocoPhillips reports earnings April 30th. The timing of the short build ahead of results suggests bears may be positioning for disappointing guidance or weak commodity price commentary. This is not financial advice. Short interest data may be subject to reporting delays.
Snapshot as of 8 May 2026
ConocoPhillips heads into its May 7 Q1 2026 results with a striking split between analyst optimism and insider behaviour that the print will need to reconcile. The most telling signal is what executives have done with…
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