Short interest in FTI stock
Short interest as a percentage of float in FMC Technologies (FTI) stock was 4.8% as of October 5, 2016, compared to 3.6% as of June 30, 2016. Since the end of 2Q16, short interest in FTI stock has risen 33%.
FMC Technologies is 3.9% of the iShares US Oil Equipment & Services (IEZ). The oil and gas equipment and services industry makes up 78% of IEZ.
Short interest and share price
Short interest is the number of shares sold short divided by the number of shares outstanding. A rise in short interest as a percentage of float, or a rise in short interest, indicates that more investors expect the stock’s price to fall.
Despite the rise in short interest, FTI stock has risen ~15% since June 30, 2016. Since March 31, 2016, FTI’s smaller market cap peer Oil States International’s (OIS) share price has fallen 1%. However, you should note that the market could go against investor sentiment. The share price could rise when investors start buying the stock to cover their short positions.