(WFRD) - Analyzing Weatherford International's Short Interest
Portfolio Pulse from Benzinga Insights
Weatherford International (NYSE:WFRD) has seen a significant decrease in its short interest, falling 46.38% since the last report. The company now has 1.64 million shares sold short, which is 2.96% of its float. This is lower than the peer group average of 7.25%. The reduced short interest could indicate a more bullish sentiment among investors.
July 30, 2024 | 4:00 pm
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Weatherford International's short interest has decreased by 46.38%, now at 2.96% of its float. This is significantly lower than the peer group average of 7.25%, potentially indicating a more bullish sentiment among investors.
The significant decrease in short interest suggests that fewer investors are betting against the stock, which can be interpreted as a positive signal. Additionally, the short interest is well below the peer group average, further indicating a potentially bullish sentiment.
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