How Is The Market Feeling About Schlumberger?
Portfolio Pulse from Benzinga Insights
Schlumberger's (NYSE:SLB) short interest has decreased by 8.11% since the last report, with 19.39 million shares sold short, representing 1.36% of its float. This decrease in short interest could indicate a more bullish sentiment towards SLB among traders. Compared to its peers, SLB has a lower short interest percentage of float, with the average being 7.06%.
April 15, 2024 | 6:30 pm
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Schlumberger's short interest has decreased, indicating a potential bullish sentiment shift among traders.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. Given that SLB's short interest is significantly lower than its peer average, this could be interpreted as a positive signal for the stock's short-term price movement.
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