Shorts Building Positions in BKR
Official biweekly data reported to NASDAQ shows that Baker Hughes (BKR) has experienced a notable increase in short interest. As of the latest settlement, there are 26,778,997 shares held short, representing a 12.5% increase from the prior reporting period. This shift indicates that institutional and retail shorts are actively building positions against the oilfield services provider.
Liquidity and Days to Cover
With 26.7 million shares short, the 'days to cover' metric currently sits at 4.3 days, based on an average daily volume of approximately 6.2 million shares. This metric provides a window into how long it would take for short sellers to exit their positions under normal trading conditions. While not at extreme levels, the double-digit percentage growth in short interest is a clear signal of growing skepticism regarding the stock's near-term performance.
Key Takeaways
- Short interest in BKR rose 12.5% to 26.78 million shares.
- The current short position represents 2.70% of shares outstanding.
- Days to cover is currently 4.3, suggesting a moderate timeframe for potential position unwinding.
The Bottom Line
Shorts are clearly building positions in Baker Hughes, with a 12.5% increase in short interest signaling a growing bearish consensus that investors should monitor closely.
Signal data sourced from AltIndex. This post is an original analysis prepared by The Forensic Ledger from publicly available data. Not investment advice.
Not investment advice. This is original reporting and analysis prepared by The Forensic Ledger from publicly available data. Nothing here is a recommendation to buy, sell, or hold any security. Always consult the original source and a licensed professional. See our full disclaimer and source-citation policy.