How Is The Market Feeling About SLB?
Portfolio Pulse from Benzinga Insights
SLB (NYSE:SLB) has seen a 7.48% decrease in short interest, with 19.46 million shares sold short, representing 1.36% of available shares. The average time to cover these short positions is 2.42 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. SLB's short interest is below its peer group average of 5.76%.
November 23, 2023 | 2:15 pm
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SLB's short interest has decreased, which may indicate a bullish sentiment among investors. The stock has less short interest compared to its peers, suggesting a potentially positive outlook.
The decrease in short interest for SLB suggests that investors are becoming more optimistic about the company's future performance. This could lead to a short-term increase in the stock price as the market sentiment appears to be shifting in a positive direction. The comparison with the peer group average further strengthens the case for a bullish outlook.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100