Investors’ short interest in National Oilwell Varco
National Oilwell Varco’s (NOV) short interest as a percentage of its float was 6.1% as of June 9, 2017, compared to 6.8% as of March 31, 2017. Since the end of 1Q17, NOV’s short interest has fallen 11%. As noted in the graph below, NOV’s stock price and short interest as a percentage of float have been inversely related since June 2015. Since March 31, 2017, NOV’s stock price has fallen ~15% despite the decrease in investors’ short interest in NOV.