(SLB) - Analyzing SLB's Short Interest
Portfolio Pulse from Benzinga Insights
The short percent of float for Schlumberger Limited (NYSE:SLB) has risen 11.36% since its last report, with 21.01 million shares sold short, representing 1.47% of all regular shares available for trading. It would take traders 2.85 days on average to cover their short positions. The company's short interest is less than its peer group average of 5.71%.
November 06, 2023 | 8:30 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.
The increase in short interest indicates that traders are expecting the price of Schlumberger Limited's stock to fall. However, the fact that its short interest is less than its peer group average could suggest that the bearish sentiment is not as strong as it is for other companies in the same industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100