Looking Into SLB's Recent Short Interest
Portfolio Pulse from Benzinga Insights
The short percent of float for Schlumberger Limited (NYSE:SLB) has decreased by 3.91% since its last report, with 17.51 million shares sold short, representing 1.23% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards SLB. Compared to its peers, SLB has less short interest as a percentage of float, with an average of 6.15% for its peer group.
July 13, 2023 | 5:01 pm
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Decrease in short interest could indicate a more bullish sentiment towards Schlumberger Limited (NYSE:SLB). The company's short interest is lower than its peer group average.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders 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, SLB's lower short interest compared to its peers could make it a more attractive investment.
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