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Short Interest in 2018: WFT, CRR, RES, FMSA, and SLCA

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Short interest in CARBO Ceramics

The short interest in CARBO Ceramics (CRR) as a percentage of its float was 51.2% as of March 14, 2018—compared to 46.0% as of January 1, 2018. Since January 1, 2018, the short interest in CARBO Ceramics has increased 12%. So, investors’ negative bets on CARBO Ceramics have increased since January 1, 2018. Since January 1, 2018, CARBO Ceramics’ stock price has decreased ~26%.

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Short interest in RES, WFT, SLCA, and FMSA

The short interest in RPC (RES) as a percentage of its float was 35.7% as of March 14, 2018. Since January 1, 2018, the short interest in RPC has decreased ~11%. RPC’s stock price decreased ~22% until January 14. In comparison, the short interest in Weatherford International (WFT) as a percentage of its float was 16.2% as of March 14, 2018. The short interest in Weatherford International has increased ~6% since January 1, 2018. Weatherford International’s stock price has decreased ~35% during this period.

The short interest in Fairmount Santrol Holdings (FMSA) has increased 14% since January 1, 2018. Fairmount Santrol Holdings’ stock price decreased ~19% during this period. The short interest in U.S. Silica Holdings (SLCA) has increased 37% since January 1, 2018. U.S. Silica Holdings’ stock price has decreased 19% during this period. Investors’ negative bets on Fairmount Santrol Holdings and U.S. Silica Holding have increased since the beginning of 2018. Usually, more investors expect the stock’s price to fall if the short interest increases as a percentage of float.

Next, we’ll analyze the correlation between the oilfield services stocks discussed in this series with crude oil prices.

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