How Is The Market Feeling About Weatherford International?
Portfolio Pulse from Benzinga Insights
Weatherford International (NYSE:WFRD) has seen a decrease in its short percent of float by 11.82%, with 1.45 million shares sold short, representing 2.61% of its float. This is lower than its peers' average short interest of 7.55%.
September 04, 2024 | 7:45 pm
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Weatherford International's short interest has decreased by 11.82%, now at 2.61% of float, indicating a potentially more bullish sentiment compared to its peers, which have an average short interest of 7.55%.
The decrease in short interest suggests that investors are less bearish on Weatherford International compared to its peers, which could lead to a positive short-term impact on its stock price.
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