(HAL) - Analyzing Halliburton's Short Interest
Portfolio Pulse from Benzinga Insights
Halliburton's (NYSE:HAL) short percent of float has fallen 12.61% since its last report, with 23.80 million shares sold short, which is 2.98% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Halliburton. Compared to its peers, Halliburton has less short interest as a percentage of float, with an average of 5.83%.
July 07, 2023 | 7:31 pm
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Halliburton's short percent of float has decreased, indicating a more bullish sentiment. It has less short interest compared to its peers.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer investors are betting on the stock's price to fall. This could potentially lead to an increase in the stock's price in the short term. Furthermore, having less short interest compared to its peers could make Halliburton more attractive to investors.
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