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Analyzing Schlumberger's Earnings prior to Its 1Q17 Results

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Part 9
Analyzing Schlumberger's Earnings prior to Its 1Q17 Results PART 9 OF 9

What’s the Short Interest in Schlumberger Stock?

Short interest in Schlumberger stock

The short interest in Schlumberger (SLB) stock as a percentage of its float was 1.2% on April 5, 2017, nearly unchanged from its level in December 30, 2016.

Since the end of 4Q16, short interest in Schlumberger has fallen 1%. SLB’s stock price and short interest as percentages of its float have largely been inversely related since April 2015.

What&#8217;s the Short Interest in Schlumberger Stock?

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Short interest implications

Short interest is the number of a company’s shares sold short divided by its number shares outstanding. A fall in short interest as a percentage of float, or a fall in short interest, indicates that fewer investors expect a stock’s price to fall. 

Since December 30, 2016, SLB’s stock price has fallen 7% despite the fall in short interest in its stock. However, investors should note that the market could go against investors’ sentiments. Also, SLB’s stock price could rise when investors start buying the stock to cover their short positions.

SLB makes up 0.55% of the SPDR S&P 500 ETF (SPY). SPY tracks the price and yield performances of the S&P 500 Index (SPX-INDEX). The energy sector makes up 6.6% of the S&P 500.

Learn more about the oilfield equipment and services industry in Market Realist’s The Oilfield Equipment and Services Industry: A Primer.

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