Peering Into Halliburton's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Halliburton's (NYSE:HAL) short percent of float has fallen 6.41% since its last report, with 20.90 million shares sold short, which is 2.63% of all regular shares available for trading. It would take traders 2.73 days to cover their short positions on average. Compared to its peers, Halliburton has less short interest as a percentage of float, with the average being 5.57%.
October 02, 2023 | 1:00 pm
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Halliburton's short percent of float has decreased, indicating a potentially more bullish sentiment towards the stock.
A decrease in short interest can signal that investors have become more bullish on a stock. As Halliburton's short percent of float has decreased, this could indicate a more positive sentiment towards the stock, potentially leading to an increase in its price in the short term.
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