Peering Into Schlumberger's Recent Short Interest
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. The current short interest suggests a bullish sentiment among investors compared to its peer group average of 7.06% short interest as a percentage of float. The decrease in short interest indicates fewer traders are betting against the stock, which could influence its short-term price movement.
May 06, 2024 | 1:15 pm
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Schlumberger's short interest decrease suggests a bullish sentiment among investors, potentially leading to positive short-term price movement.
The decrease in short interest for Schlumberger indicates that fewer traders are betting on the stock's decline, which can be interpreted as a positive sentiment towards the company. This bullish outlook, especially when compared to its peers, suggests that there might be less downward pressure on the stock, potentially leading to an increase in its short-term price.
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