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Short Interest in Nabors Industries on February 12

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Short interest in Nabors Industries

On February 12, 2018, short interest in Nabors Industries (NBR) as a percentage of its float was 18.6% compared to 7.8% on February 13, 2017. Since February 13, 2017, short interest in NBR has risen 1.2x until February 12. So, investors increased their negative bets on NBR. Since February 13, 2017, NBR’s stock price has decreased ~58.6%.

In the past year, short interest as a percentage of float in NBR was at its lowest in August 2017 at 7.4%. Since then, it has increased significantly until now. 

During this period, NBR’s stock price increased 5.0%. NBR constitutes 2.3% of the iShares US Oil Equipment & Services ETF (IEZ). Since September 29, 2017, IEZ has decreased 8.0%.

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Short interest in NBR’s peers

Short interest in Fairmount Santrol Holdings (FMSA) has increased 71.0% since February 13, 2017, while its stock price has decreased 60.0% during this period. 

Short interest in Key Energy Services (KEG) has increased 3.8x since February 13, 2017, while KEG’s stock price decreased 61.0%. So, investors increased their negative bets on FMSA and KEG since February 13, 2017.

Short interest in Superior Energy Services (SPN) has decreased 39.0% since February 13, 2017, while SPN’s stock price decreased 53.0% during the same period.

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