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%.
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.