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


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.

Article continues below advertisement

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.


More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.