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.