Short interest in Tenaris
As of March 7, 2018, short interest in Tenaris (TS) as a percentage of its float was 1.6% compared to 1.8% on March 8, 2017. That was a fall of 14%. Investors have decreased their negative bets on TS in the past year. Since March 8, 2017, TS stock has risen ~13%.
In the past year, short interest as a percentage of float in TS was at its highest in September 2017 at 2.5%. Since then, it has decreased significantly. During that period, TS stock rose 26%. TS makes up 5.1% of the VanEck Vectors Oil Services ETF (OIH). Since March 8, 2017, OIH has fallen 20%.
Short interest in TS’s peers
Short interest in Fairmount Santrol Holdings (FMSA) has increased 52% since March 8, 2017, while its stock has fallen 47%. Short interest in Key Energy Services (KEG) has increased 160% since March 8, 2017, while KEG stock has fallen 46%. Investors have increased their negative bets on FMSA and KEG since March 8, 2017.
Short interest in Superior Energy Services (SPN) has decreased 25% since March 8, 2017, while SPN stock has fallen 36%.