California Resources’ short interest
As of November 25, 2016, California Resources’ total shares shorted (or short interest) stood at ~17.1 million, whereas its average daily volume was ~2.2 million. This means CRC’s short interest ratio is ~8x.
From a float perspective, CRC’s current short interest as a percentage of its float is the highest at ~46%, compared to all other upstream companies from the SPDR S&P Oil & Gas Exploration & Production ETF (XOP).
As seen in the above chart, California Resources’ short interest as a percentage of its float has risen strongly, from ~11% to ~46%, despite the ~35% fall in its stock price from May 2016 to date.