How Is The Market Feeling About Halliburton?
Portfolio Pulse from Benzinga Insights
Halliburton's (NYSE:HAL) short percent of float has fallen 14.07% since its last report, indicating a decrease in bearish sentiment towards the stock. The company has 22.35 million shares sold short, which is 2.81% of all regular shares available for trading. Compared to its peers, Halliburton has less short interest as a percentage of float (5.33%).
September 13, 2023 | 7:15 pm
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POSITIVE IMPACT
Halliburton's short percent of float has decreased, indicating less bearish sentiment towards the stock. This could potentially lead to a positive impact on the stock price in the short term.
A decrease in short interest can signal that investors have become more bullish on a stock. As such, the decrease in Halliburton's short percent of float could potentially lead to an increase in the stock price in the short term.
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IMPORTANCE 75
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