Peering Into Schlumberger's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Schlumberger's short interest has increased by 24.45%, with 40.32 million shares sold short, representing 2.85% of its float. This is below the peer group average of 7.54%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
August 28, 2024 | 3:45 pm
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Schlumberger's short interest has increased by 24.45%, with 40.32 million shares sold short, representing 2.85% of its float. This is below the peer group average of 7.54%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest by 24.45% indicates a bearish sentiment among investors, as more shares are being shorted. However, since Schlumberger's short interest is still below the peer average, the impact might be less severe. The short interest level suggests potential downward pressure on the stock price, but it is not definitive.
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IMPORTANCE 80
RELEVANCE 100