Many investors look at short interest data to show the sentimental value of the stocks. Alterations to investor sentiment can be shown by looking at short interest. It can also be used as a hedging strategy.
If share interest is high, that can be a sign of stock ready to fall; at the same time, it could also be a counterbet or a “hedge.” Short interest trends are apparent for these three stocks currently: WPX Energy Inc (NYSE:WPX), Tenaris SA (ADR) (NYSE:TS), and Teladoc Inc (NYSE:TDOC).
WPX Energy Inc (NYSE:WPX) experienced a rise in short interest of 136.9% in the period since July 31, 2015. It has seen a climb to 26,628,003 shares. As for the days to cover, that got to two. The shares declined by almost -23.35% over just one month and it traded in a recent time at $8.60. For 2015, to the present date, the stock is down -24.89% for its pricing; its range over the last 52 weeks is between $7.11 and $26.79.
Since July 31, 2015, Tenaris SA (ADR) (NYSE:TS) has had a short interest increase of 10,497,375 shares, which is 142.3% above July 15 of this year. On average, the daily traded volume for this stock as of July 31, 2015, was 2,855,891 shares.
It had its days to cover at 4.00. Over the last 52 weeks, the lowest the stock dipped was $23.72 a share and it was at a high point during that same period at a price of $47.06 per share.
Teladoc Inc (NYSE:TDOC) increased in short interest by 131.9% to reach 1,207,026 shares. The one-week period saw a gain of almost -9.03%, while it closed recently at $28.76. The range for the stock, over the last 52 weeks, has been between $25.66 and $35.42.
The short interest trend points to these three stocks mentioned above, at the present time.