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Short Interest: Halliburton Fell, TechnipFMC Increased

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Short interest in Halliburton

The number of Halliburton (HAL) shares shorted fell from ~16.7 million on August 15 to ~14.4 million on August 31—a fall of ~13.4%. According to data released on September 12, the short interest in Halliburton as a percentage of its float is currently ~1.6%. Halliburton’s short interest ratio is 2x, which shows that it will take about two days to cover all of the open short positions in Halliburton.

A fall in the short interest indicates that fewer investors expect Halliburton’s price to fall in the near term compared to the number of investors who expected a fall in mid-August.

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Short interest in TechnipFMC

The number of TechnipFMC (FTI) shares shorted rose from ~8.1 million on August 15 to ~9.8 million on August 31—a rise of ~20.4%. The short interest in TechnipFMC as a percentage of its float is currently ~2.3%. TechnipFMC’s short interest ratio is ~3x, which shows that it will take roughly three days to cover all of the open short positions in TechnipFMC.

Short interest in Baker Hughes

The number of Baker Hughes (BHGE) shares shorted fell from ~25.7 million on August 15 to ~23.6 million on August 31—a fall of ~8.4%. The short interest in Baker Hughes as a percentage of its float is currently ~2.3%. Baker Hughes’s short interest ratio is ~5.7x, which shows that it will take more than five days to cover all of the open short positions in the stock.

Short interest in Schlumberger

The number of Schlumberger (SLB) shares shorted fell from ~18.2 million on August 15 to ~17.7 million on August 31—a fall of ~2.8%. The short interest in Schlumberger as a percentage of its float is currently ~1.3%. Schlumberger’s short interest ratio is ~3x, which shows that it will take about three days to cover all of the open short positions in the stock.

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