Peering Into SLB's Recent Short Interest
Portfolio Pulse from Benzinga Insights
SLB's (NYSE:SLB) short percent of float has fallen 8.92% since its last report, with 20.25 million shares sold short, which is 1.43% 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 5.76%.
August 23, 2023 | 6:00 pm
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The decrease in short interest in SLB could indicate a more bullish sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
Short interest is an indicator of market sentiment. A decrease in short interest could mean that investors are less bearish on the stock, potentially leading to less selling pressure. However, many other factors can influence a stock's price, so this does not guarantee a rise in SLB's stock price.
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