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Short Interest in the Bottom OFS Companies by 4Q17 Earnings Growth

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Short interest in the bottom OFS companies

In this article, we’ll look at short interest in the bottom oilfield equipment and services (or OFS) companies by expected earnings growth. Short interest in Schlumberger (SLB) as a percentage of its float has increased to 1.7% on December 29, 2017, compared to 1.5% on September 29, 2017.

Since September 29, SLB’s stock price has decreased 3.0%. So, investors increased their negative bets on SLB since September 29, while SLB’s stock price declined during this period.

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Short interest in WFT, SLCA, and FMSA

Short interest in Weatherford International (WFT) as a percentage of its float was 15.1% on December 29, 2017, compared to 12.6% on September 29, 2017. Since September 29, WFT’s stock price has decreased 12.0%.

Short interest in U.S. Silica Holdings (SLCA) as a percentage of its float decreased to 14.0% on December 29, 2017, compared to 15.2% on September 29, 2017. Since September 29, SLCA’s stock price has increased 3.0%. So, some investors cut their negative bets on SLCA since September 29.

SLCA comprises 2.2% of the Shares US Oil Equipment & Services ETF (IEZ). IEZ has decreased 21.0% in the past year versus a 43.0% fall in SLCA’s stock price. On December 29, short interest in Fairmount Santrol Holdings (FMSA) was 10.2%.

Have the top oilfield services companies’ correlation with the crude oil price increased? Let’s find out in the final part of the series.

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