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Noble Energy Stock: Gauging Short Interest Trends

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Feb. 26 2018, Updated 9:02 a.m. ET

Short interest in Noble Energy stock

On February 20, 2018, the short interest as a percentage of its float or the short interest ratio in Noble Energy (NBL) stock was ~3.6%. A year ago, the short interest ratio in Noble Energy stock was ~4.40%.

As you can see in the above chart, the short interest ratio in Noble Energy stock has seen several peaks and troughs throughout 2017. The current short interest levels have declined from a peak of 5.4% in April last year. A fall in the short interest indicates that some investors have lowered their negative bets and don’t see an ongoing downside for the stock.

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Meanwhile, Noble Energy’s stock price has fallen significantly since last year. Until recently, Noble Energy stock had been inching upward. Inflation and interest rate fears gave the stock markets a scare. Since January 26, 2018, when the stock markets started to decline, Noble Energy stock has declined 10.5%. Upbeat earnings sent Noble Energy’s earnings spiraling higher. Read Part 1 to learn more about Noble Energy’s 4Q17 earnings.

On February 20, 2018, Noble Energy stock was $29.12. On February 20, 2017, Noble Energy stock was $37.05. To learn more about Noble Energy, read In-Depth with Noble Energy: US Onshore, Financials, and Leviathan.

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