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Short Interest in Superior Energy Services

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Short interest in Superior Energy Services

As of June 28, the short interest in Superior Energy Services (SPN) as a percentage of its float was 7.9%—compared to 15.4% as of June 28, 2017. Since June 28, 2017, the short interest in Superior Energy Services has fallen 48%. So, investors decreased their negative bets on Superior Energy Services in the past year. In the past year, Superior Energy Services’ stock price has decreased 6.8%.

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Peers’ short interest

The short interest in Weatherford International (WFT) has decreased 7% since June 28, 2017. Weatherford International’s stock price has decreased 11% during this period. The short interest in Tenaris S.A. (TS) has decreased 77% since June 28, 2017. Tenaris’s stock price increased 22% during the same period. The short interest in Key Energy Services (KEG) has decreased 69% since June 28, 2017, while the stock price decreased 14%.

So, investors decreased their negative bets on Weatherford International, Tenaris, and Key Energy Services in the past year. Usually, fewer investors expect a stock’s price to fall if the short interest decreases.

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