Short interest in Weatherford International
Short interest in Weatherford International’s peers
In the past year, short interest in U.S. Silica Holdings (SLCA) has increased 10.0%, while SLCA’s stock price decreased 22.5%. In the past year, short interest in Core Laboratories (CLB) has fallen 37.0% while its stock price has increased 9.6%.
Short interest in Oceaneering International (OII) has increased 42.0% in the past year, and its stock price has increased 11.0% during this period.
Investors increased their negative bets on SLCA and OII, and they reduced their negative bets on CLB in the past year. Typically, more investors expect a stock’s price to fall if short interest increases.
Let’s check out Weatherford International’s correlation with crude oil in the next part of the series.