Looking Into SLB's Recent Short Interest
Portfolio Pulse from Benzinga Insights
SLB (NYSE:SLB) has seen a decrease in short interest, with the short percent of float falling 8.82% since the last report. The company has 17.65 million shares sold short, representing 1.24% of available shares. The average time to cover these short positions is 2.03 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 6.24%.
December 11, 2023 | 8:45 pm
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SLB's short interest has decreased, which may suggest a more bullish sentiment among investors. The stock may see less downward pressure from short selling.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can reduce the likelihood of downward pressure from short selling. However, short interest is just one of many factors that can affect stock price, and the article does not suggest an immediate price rise.
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