How Is The Market Feeling About Halliburton?
Portfolio Pulse from Benzinga Insights
Halliburton's (NYSE:HAL) short percent of float has fallen 15.38% since its last report, indicating a decrease in bearish sentiment towards the stock. The company has 16.53 million shares sold short, which is 2.09% of all regular shares available for trading. Compared to its peers, Halliburton has less short interest as a percentage of float, with an average of 5.68%.
November 03, 2023 | 5:00 pm
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Decrease in short interest suggests less bearish sentiment towards Halliburton. This could potentially lead to a more stable stock price in the short term.
Short interest is an indicator of market sentiment. A decrease in short interest suggests that traders are less bearish on the stock, which could potentially lead to a more stable stock price in the short term. However, other factors also influence stock price, so this is not a guarantee.
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