How Is The Market Feeling About Halliburton?
Portfolio Pulse from Benzinga Insights
Halliburton's (NYSE:HAL) short percent of float has risen 12.8% since its last report, with 25.90 million shares sold short, which is 3.26% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a stock. However, compared to its peers, Halliburton has less short interest as a percentage of float (5.68%).
August 15, 2023 | 7:15 pm
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Halliburton's short interest has increased, indicating a bearish sentiment. However, it's less than its peers' average.
The increase in short interest indicates that traders are expecting the price of Halliburton's stock to fall. However, the fact that its short interest is less than its peers' average could mean that the bearish sentiment is not as strong as it is for other companies in the same industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100