> Shares short: around 53.07-M
> Change from prior frame: −10.2%
> Percentage of float: 1.3
Despite short sellers pausing in the most recent frame, the Crude Oil supermajor remained the most shorted DJIA stock late last month.
Not long ago, Exxon hung around the #5 spot on the list for a time before floating up to the surface. At the average daily volume on the latest settlement date, the days to cover number was about 2.
Many believed Exxon’s generous dividend could be on the chopped.
Short sellers watched the share price pull back almost 12% but then recover a and end the period down about 8%.
Note: The DJIA ended 2-H of last month around 1% higher.
After retreating 3% or so in the past week, Exxon Mobil stock closed trading Wednesday at 44.63/share. That was in a 52-wk trading range of 77.74 – 30.11.
I am Neutral with a Bullish bias Exxon Mobil in here.
Have a healthy day, Keep the Faith!
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