A Reversal for United States Oil Fund (NYSEARCA:USO) Is Near. The Stock Has Decrease in Shorts

May 18, 2018 - By Dolores Ford

The stock of United States Oil Fund (NYSEARCA:USO) registered a decrease of 3.99% in short interest. USO’s total short interest was 59.21M shares in May as published by FINRA. Its down 3.99% from 61.68 million shares, reported previously. With 17.48M shares average volume, it will take short sellers 3 days to cover their USO’s short positions.

The stock increased 0.21% or $0.03 during the last trading session, reaching $14.49. About 17.20 million shares traded. United States Oil (NYSEARCA:USO) has risen 30.28% since May 18, 2017 and is uptrending. It has outperformed by 18.73% the S&P500.

More notable recent United States Oil (NYSEARCA:USO) news were published by: Seekingalpha.com which released: “A Day In The Life Of The Mad Hedge Fund Trader” on May 13, 2018, also Investorplace.com with their article: “Why Investors Should Remain Cautious Despite the Latest Comeback” published on April 19, 2018, Seekingalpha.com published: “Commodity Seasonality Points Down For WTI And Gold” on May 10, 2018. More interesting news about United States Oil (NYSEARCA:USO) were released by: Schaeffersresearch.com and their article: “USO Options Signal Has Preceded Oil Tops” published on April 25, 2018 as well as Nasdaq.com‘s news article titled: “Market Observers Believe Oil Can Keep Surging” with publication date: May 15, 2018.

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