Short interest in ION Geophysical
As of January 19, the short interest in ION Geophysical (IO) as a percentage of its float was 8.9%—compared to 6.4% as of January 1. Since January 1, the short interest in ION Geophysical has increased 72%. Investors have increased their negative bets on ION Geophysical YTD (year-to-date). The stock price has increased 29.4% YTD.
Peers’ short interest
The short interest in Superior Energy Services (SPN) has decreased 15% since January 1, while its stock price has increased 1% during this period. The short interest in Core Laboratories (CLB) has decreased 17% since the beginning of the year. Core Laboratories’ stock price increased 5% during the same period. The short interest in National Oilwell Varco (NOV) has decreased 16% since January 1. National Oilwell Varco’s stock price increased 20% during the same period.
Investors decreased their negative bets on Superior Energy Services, Core Laboratories, and National Oilwell Varco YTD. Typically, fewer investors expect a stock’s price to fall if the short interest decreases.