Chesapeake Energy Corp (CHK)

[mikeymgd]

IMO we are seeing new Short positions opening in the stock. This has lead to profit taking and stops being taken out.

Last report showed a sizable decrease in short interest and I would not rule out a new round of investors attempting to short the stock. A bad move in my opinion but so far the stock has shown that 5 dollars is a massive resistant point so the short has some safety here.


Short Interest (Shares Short)
175,224,000

Short Interest Ratio (Days To Cover)
2.5

Short Percent of Float
19.90 %

Short % Increase / Decrease
-11 %

Short Interest (Shares Short) - Prior
195,912,400


Will be interesting to see what the next short report shows.