uploads///SI Worst

Short Interest in the Bottom 5 OFS Companies by Free Cash Flow

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Aug. 18 2020, Updated 5:17 a.m. ET

Short interest in SLCA

Short interest in U.S. Silica Holdings (SLCA) as a percentage of its float was 14.9% on December 22, 2017, compared to 11.2% on December 30, 2016. Since December 30, short interest in SLCA has increased 53.0%.

So, investors’ negative bets on SLCA have increased since December 30, 2016. Since December 30, 2016, SLCA’s stock price has decreased ~43.0%.

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Short interest in PTEN and NBR

Short interest in Patterson-UTI Energy (PTEN) as a percentage of its float was 5.9% on December 22, 2017. Since December 30, 2016, short interest in PTEN has decreased 43.0%, while PTEN’s stock price has decreased 14.0% through December 22.

In comparison, short interest in Nabors Industries (NBR) as a percentage of its float was 17.9% on December 22, 2017. Short interest in NBR has increased ~157.0% since December 30, 2016, while its stock price has decreased ~60.0%.

Short interest in WFT and BHGE

Short interest in Weatherford International (WFT) as a percentage of its float was 17.2% on December 22, 2017. Short interest in WFT has increased 65% since December 30, 2016, while its stock price decreased ~22% during this period. So, investors’ negative bets on WFT increased significantly since December 30, 2016.

Short interest in Baker Hughes, a GE Company (BHGE) as a percentage of its float was 1.9% on December 22, 2017. Short interest in BHGE has increased 19.0% since December 30, 2016, while its stock price has decreased 28.0% during this period.

Typically, more investors expect a stock’s price to fall if short interest as a percentage of float increases. WFT comprises 3.6% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES). XES has decreased 26.0% since December 30, 2016. The S&P 500 Index (SPX-INDEX) has increased 19.0% since December 30, 2016.

In the final article in this series, we’ll look at Wall Street’s recommendations for these top OFS stocks by free cash flow.

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