uploads/2018/04/SI-13.jpg

Short Interest in Oil States International on April 18

By

Updated

Short interest in Oil States International

As of April 18, 2018, the short interest in Oil States International (OIS) as a percentage of its float was 8.2%—compared to 10.3% as of April 18, 2017. Since April 18, 2017, the short interest in Oil States International has gone down 13%. So, investors decreased the negative bets on Oil States International in the past year. Since April 18, 2017, Oil States International’s stock price has increased ~3%.

Oil States International accounts for 3.7% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES). XES provides exposure to the Oil and Gas Equipment and Services segment. Since April 18, 2017, XES has decreased 8%.

Article continues below advertisement

Peers’ short interest

The short interest in Fairmount Santrol Holdings (FMSA) has decreased 8% since April 18, 2017. Fairmount Santrol Holdings’ stock price has decreased 15% during this period. The short interest in Key Energy Services (KEG) has increased 24% since April 18, 2017. Key Energy Services’ stock price has decreased 33%. So, investors increased their negative bets on Key Energy Services in the past year.

The short interest in Superior Energy Services (SPN) has decreased 21% since April 18, 2017. Superior Energy Services’ stock price has decreased 28% during the same period. Usually, fewer investors expect a stock’s price to fall if the short interest decreases.

Advertisement

More From Market Realist