Short interest in National Oilwell Varco
Short interest in National Oilwell Varco’s peers
Since September 29, short interest in Oil States International (OIS) has decreased 5% while OIS’s stock price increased 28%. Since September 29, short interest in TETRA Technologies (TTI) has gone down 12% while its stock price increased 43%. Short interest in Key Energy Services (KEG) has decreased 7% since September 29 while its stock price increased 24% during this period. So investors cut negative bets on TTI and KEG since September 29.
Let’s check out National Oilwell Varco’s correlation with crude oil in the next parts of this series.