How Is The Market Feeling About SLB?
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. This represents 1.54% of all regular shares available for trading. Short interest can act as an indicator of market sentiment towards a stock. An increase in short interest can signal that investors have become more bearish. However, SLB's peer group average for short interest as a percentage of float is 5.61%, which means the company has less short interest than most of its peers.
October 19, 2023 | 7:45 pm
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The increase in short interest for Schlumberger Limited (NYSE:SLB) could indicate a bearish sentiment among investors. However, compared to its peers, SLB has less short interest, which could be a positive sign.
The increase in short interest for Schlumberger Limited (NYSE:SLB) could indicate that investors are expecting the stock price to fall. However, the fact that SLB has less short interest than most of its peers could mean that the bearish sentiment is not as strong as it seems. This could potentially limit the downside risk for the stock in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100