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What’s Nabors Industries’ Short Interest as of June 19?

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Nov. 20 2020, Updated 4:30 p.m. ET

Short interest in Nabors Industries

Short interest in Nabors Industries (NBR) as a percentage of its float was 11.4% as of June 19, 2017, compared to 10.1% as of March 31, 2017. Since 1Q17, short interest in NBR stock has risen 14.0%. NBR’s stock price and short interest as a percentage of float have been inversely related since June 2015, as you can see in the graph below.

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Implications of short interest

Since March 31, 2017, NBR stock has fallen ~37.0%, reflecting the rise in short interest in NBR stock. Since March 31, 2017, short interest in National Oilwell Varco (NOV) has fallen 11.0%. You can read more on NOV in Market Realist’s Could National Oilwell Varco’s Prospects Rise in 2017?

Nabors Industries versus ETF and index

Nabors Industries makes up 0.16% of the ProShares Ultra Oil & Gas (DIG). Since March 31, 2017, DIG has fallen 13.0%. The energy sector makes up 6.0% of the SPX-INDEX, which has risen 4.0% since March 31, 2017.

Next, we’ll take a look at Nabors Industries’ implied volatility.

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