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Analyzing the Short Interest in FTK, OIS, NOV, SPN, and FMSA

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Mar. 14 2018, Updated 2:20 p.m. ET

Short interest in Flotek Industries

The short interest in Flotek Industries (FTK) as a percentage of its float was 18.8% as of March 9, 2018—compared to 26.0% as of March 10, 2017. Since March 10, 2017, the short interest in Flotek Industries has decreased 29%. So, investors’ negative bets on Flotek Industries decreased in the past year. Since March 10, 2017, Flotek Industries’ stock price has decreased ~44%.

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Short interest in OIS, NOV, SPN, and FMSA

The short interest in Oil States International (OIS) as a percentage of its float was 8.7% as of March 9, 2018. Since March 10, 2017, the short interest in Oil States International has decreased 10%, while the stock price has decreased 18% during this period. The short interest in National Oilwell Varco (NOV) as a percentage of its float was 7.8% as of March 9, 2018. The short interest in National Oilwell Varco has increased 11% since March 10, 2017, while its stock price has remained unchanged.

The short interest in Superior Energy Services (SPN) has decreased 28% since March 10, 2017, while its stock price has decreased 33% during this period. So, investors’ negative bets on Superior Energy Services decreased significantly in the past year. The short interest in Fairmount Santrol Holdings (FMSA) has increased 58% since March 10, 2017, while its stock price has decreased 41% during this period. Typically, more investors expect the stock’s price to fall if the short interest increases as a percentage of float. Fairmount Santrol Holdings accounts for 3% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES). XES has decreased 21% since March 10, 2017. Fairmount Santrol Holdings has decreased 38% since March 10, 2017.

Next, we’ll discuss Wall Street analysts’ targets for these OFS companies.

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