(SLB) - Analyzing SLB's Short Interest
Portfolio Pulse from Benzinga Insights
The short percent of float for Schlumberger Limited (NYSE:SLB) has risen by 4.05% since its last report, with 21.90 million shares sold short, representing 1.54% of all regular shares available for trading. It would take traders 2.3 days on average to cover their short positions. The company's short interest is less than its peer group average of 5.61%.
October 03, 2023 | 8:45 pm
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Schlumberger Limited's short interest has increased, indicating a bearish sentiment among traders. However, its short interest is less than its peer group average.
An increase in short interest indicates that more traders are betting that the stock price will fall. However, the fact that Schlumberger's short interest is less than its peer group average suggests that the bearish sentiment is not as strong compared to other similar companies.
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