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. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, Halliburton has less short interest as a percentage of float, with an average of 5.57%.
October 18, 2023 | 4:30 pm
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Halliburton's short interest has decreased, potentially indicating a more bullish sentiment towards the stock.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer investors are betting on the stock's price to fall. This could potentially lead to an increase in Halliburton's stock price in the short term.
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