Chevron Corporation (CVX) and Exxon Mobil Corp. (XOM) are
the two biggest names in the Oil, Gas & Consumable Fuels industry. Their
short ratios are currently higher than that of their competitors, and they are
the 9th and 11th most heavily shorted stocks in the Dow Jones Industrial
respectively.
When a short position in a particular stock is assumed, it
implies borrowing a share and anticipating that its price will decrease. Short
interest ratio is used to identify the number of days it takes to cover that
short position and is calculated by dividing the short interest with the
average daily trading volume. Read more.