Short interest in Halliburton
Short interest in Halliburton (HAL) as a percentage of its float was 1.47% on July 6, compared to 3.23% on July 6, 2017. Short interest in HAL stock has decreased 54.0% since July 6, 2017. So, investors have decreased their negative bets on HAL in the past year. Since July 6, 2017, HAL’s stock price has increased ~7.5%.
Short interest in Halliburton’s peers
Since July 6, 2017, short interest in CARBO Ceramics (CRR) has fallen 0.7%, and its stock price has increased 41.0%.
Since July 6, 2017, short interest in U.S. Silica Holdings (SLCA) has increased 14.0%, and its stock price has decreased 26.0%.
Short interest in National Oilwell Varco (NOV) has decreased ~15.0% during the same period, and its stock price has increased 32.0%. Investors’ negative bets on SLCA have increased during this timeframe as their negative bets on NOV have decreased. Typically, fewer investors expect a stock’s price to fall if short interest decreases.
In the next part of this series, we’ll look at Halliburton’s correlation with crude oil.