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A Look at the Short Interests of SLB, HAL, KEG, NBR, and CLB

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Jun. 7 2018, Updated 10:31 a.m. ET

Short interest in SLB

Short interest in Schlumberger (SLB) as a percentage of its float was 1.5% on June 1, 2018, compared to 1.8% on June 1, 2017. 

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Short interest in HAL and KEG

Short interest in Halliburton (HAL) as a percentage of its float was 1.6% on June 1. Since June 1, 2017, short interest in HAL has decreased 45%, while HAL’s stock price has risen ~8% in the past year. 

In comparison, short interest in Key Energy Services (KEG) as a percentage of its float was 2.0% on June 1. Short interest in KEG has decreased ~36% since June 1, 2017, while its stock price has fallen ~11% in the same period.

Short interest in NBR and CLB

Short interest in Nabors Industries (NBR) as a percentage of its float was 14.6% on June 1. Short interest in NBR has increased 33% in the past year, while its stock price has fallen 18% during the same period. NBR is the only company in our select set of OFS companies whose short interest increased in Q1 2018 compared to Q1 2017.

Short interest in Core Laboratories (CLB) as a percentage of its float was 14.7% on June 1. Short interest in CLB has decreased 3% since June 1, 2017, while its stock price has risen 20% in the same period.

Investors’ negative bets on SLB, HAL, KEG, and CLB have decreased in the past year. Typically, fewer investors expect a stock’s price to fall if its short interest as a percentage of its float decreases.

In the next article, we’ll look at Wall Street’s recommendations for these oilfield equipment and services stocks.

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