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What’s the Short Interest in Schlumberger on November 29?

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Aug. 18 2020, Updated 9:20 a.m. ET

Short interest in Schlumberger

Short interest in Schlumberger (SLB) as a percentage of its float was 1.4% as of November 29, 2017, compared to 1.5% as of September 29, 2017. Since September 29, short interest in SLB has fallen 6%. So, investors have cut negative bets on Schlumberger since September 29. As noted in the graph below, SLB’s stock price and short interest as a percentage of float have largely been inversely related since November 2015.

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Did crude oil price affect investors’ sentiment?

Short interest in Schlumberger’s peers

Since September 29, 2017, short interest in Oil States International (OIS) has risen 10%, while OIS’s stock price fell 10%. Short interest in Superior Energy Services (SPN) has risen 10% since September 29, 2017, while its stock price fell 14%. So, investors reduced negative bets on OIS, while they increased their negative bets on SPN. Short interest in Key Energy Services (KEG) has fallen 2% since September 29, while its stock price fell 23% during this period.

Next, we will discuss Schlumberger’s implied volatility.

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