Short Interest in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Increases By 33.3%
MarketBeat
Patterson-UTI Energy, Inc. (NASDAQ:PTEN - Get Free Report) saw a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 36,900,000 shares, an increase of 33.3% from the May 15th total of 27,680,000 shares. Currently, 9.8% of the company's shares are short sold. Based on an average daily volume of 13,520,000 shares, the short-interest ratio is presently 2.7 days.
NASDAQ:PTEN