Latest Short Interest of 11 randomly stocks in our sector (Data from The Wall Street Urinal, listed by % change)
Company 02/20/98 01/22/98 % Chg Avg Dly Vol
PRECISION DRILL 798,928 330,317 141.9 369,550
TIDEWATER 4,467,938 3,119,034 43.2 1,347,625
EVI INC 1,803,809 1,391,615 29.6 834,470
GLOBAL MARINE 3,893,490 3,157,640 23.3 2,985,435
TRANSOCEAN 1,781,713 1,511,399 17.9 1,364,710
PARKER DRILL 4,959,968 4,550,061 9.0 1,223,430
DIAMOND OFFSH 8,694,471 8,380,329 3.7 1,973,790
NOBLE DRILLING 3,108,928 3,183,167 -2.3 1,402,465
HALLIBURTON 5,801,066 6,204,383 -6.5 2,324,690
SCHLUMBERGER 5,831,695 6,282,104 -7.2 3,529,050
R&B FALCON 3,775,387 4,735,866 -20.3 1,242,400
Teddy's note: Noble and R&B short interest declined last month too. Looking at the short-term big picture (what even that means), i think the GoM lease sale (March 19?) is the biggest event to watch. |