Lansdowne, Man Group, Other Hedge Funds Profit From Shorts In Oil

The rising short interest in oil companies implies that the worst for oil is yet to come. Data from Markit shows that short exposure in energy sector of S&P 500 (INDEXSP:.INX) is still looming close to the highest mark of the year. On Tuesday, shorts accounted for 3.25% of shares in energy companies. At the beginning of the year, only 1.7% of energy sector shares were out on loan according to a report from WSJ. Shares of oil majors fall Meanwhile, a few major names in the energy sector have been hammered over the last week or two. Exxon Mobil Corporation (NYSE:XOM), a favorite…