How Is The Market Feeling About Halliburton?
Portfolio Pulse from Benzinga Insights
Halliburton (NYSE:HAL) has seen a decrease in short interest, with the short percent of float falling 13.88% since the last report. The company has 14.21 million shares sold short, which is 1.8% of available shares for trading, taking an average of 1.82 days to cover. This decline in short interest may indicate a more bullish sentiment towards HAL compared to its peers, which have an average short interest of 5.74% of float.
November 22, 2023 | 1:15 pm
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Halliburton's short interest has decreased, potentially indicating a more bullish sentiment among investors. The company's short interest is below the peer group average, which could be seen as a positive sign.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could lead to an increase in its price in the short term. Since Halliburton's short interest is lower than its peers, this might be interpreted as a positive differentiator, potentially leading to a short-term uptick in the stock price.
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