uploads/2017/01/SI-9.jpg

Did Short Interest in Petrobas Fall in 4Q16?

By

Updated

Short interest in PBR

In this part of the series, we’ll look at the short interest in Petrobras (PBR) before its production update. Short interest in PBR fell in 4Q16. In 2016, the company saw a downtrend in its short interest levels. Usually, a fall in short interest indicates a weaker bearish sentiment for the stock.

Article continues below advertisement

Short interest as a percentage

Short interest as a percentage of PBR’s outstanding shares fell 0.20% in 4Q16. In that same quarter, PBR stock rose 8.4%.

For exposure to integrated energy stocks, you can consider the iShares Global Energy (IXC), which has a ~55.0% exposure to the sector.

Advertisement

More From Market Realist