Schlumberger - SLB Short Interest Ratio & Short Volume

Short interest is the volume of Schlumberger shares that have been sold short but have not yet been closed out or covered. As of February 28th, traders have sold 17,220,000 shares of SLB short. Learn More on Schlumberger's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. SLB shares currently have a short interest ratio of 2.0. Learn More on Schlumberger's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Schlumberger: Parallax Volatility Advisers L.P., Point72 Middle East FZE, Jane Street Group LLC, Squarepoint Ops LLC, Millennium Management LLC, Maven Securities LTD, Arosa Capital Management LP, Boothbay Fund Management LLC, SG3 Management LLC, Point72 Hong Kong Ltd, Susquehanna International Group LLP, Verition Fund Management LLC, Pinnbrook Capital Management LP, Twin Tree Management LP, Wells Fargo & Company MN, Barclays PLC, Capital Fund Management S.A., JPMorgan Chase & Co., QVR LLC, Bank of America Corp DE, Capstone Investment Advisors LLC, Group One Trading L.P., IMC Chicago LLC, Citigroup Inc., UBS Group AG, Granite Point Capital Management L.P., Cutler Group LLC CA, Simplex Trading LLC, Concourse Financial Group Securities Inc., XR Securities LLC, Washington Capital Management Inc., and XR Securities LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Schlumberger saw a decrease in short interest in February. As of February 28th, there was short interest totaling 17,220,000 shares, a decrease of 6.9% from the previous total of 18,490,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the sector of "oils/energy" compare to Schlumberger: Halliburton (2.55%), Petróleo Brasileiro S.A. - Petrobras (0.45%), EOG Resources, Inc. (1.06%), Canadian Natural Resources Limited (2.50%), Enbridge Inc. (3.03%), Marathon Petroleum Co. (2.65%), Enterprise Products Partners L.P. (1.07%), Occidental Petroleum Co. (5.28%), Eni S.p.A. (0.04%), and Valero Energy Co. (3.06%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Suncor Energy Inc. ($3.27 billion), Occidental Petroleum Co. ($2.77 billion), Coinbase Global, Inc. ($2.25 billion), T. Rowe Price Group, Inc. ($2.23 billion), Paramount Global ($1.92 billion), Etsy, Inc. ($1.75 billion), Voya Financial, Inc. ($1.74 billion), CarMax, Inc. ($1.62 billion), Old Dominion Freight Line, Inc. ($1.62 billion), and Royal Caribbean Cruises Ltd. ($1.39 billion). View all of the most shorted stocks.

Short selling SLB is an investing strategy that aims to generate trading profit from Schlumberger as its price is falling. SLB shares are trading up $2.06 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Schlumberger occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of SLB, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including SLB, twice per month. The most recent reporting period available is February, 28 2023.