BP p.l.c. (NYSE:BP) Sees Large Decline in Short Interest

BP p.l.c. (NYSE:BP) Sees Large Decline in Short Interest

BP p.l.c. (NYSE:BP - Get Free Report) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 9,210,000 shares, a decline of 35.9% from the August 31st total of 14,360,000 shares. Based on an average daily volume of 8,560,000 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.4% of the shares of the company are sold short. Approximately 0.…