Newest Short Interest Filing: Could Weatherford International Plc (NYSE:WFT) See a Reversal After More Sellers Came In?

November 21, 2016 - By Adrian Mccoy   ·   0 Comments

Newest Short Interest Filing: Could Weatherford International Plc (NYSE:WFT) See a Reversal After More Sellers Came In?

The stock of Weatherford International Plc (NYSE:WFT) registered an increase of 13.55% in short interest. WFT’s total short interest was 67.48M shares in November as published by FINRA. Its up 13.55% from 59.43M shares, reported previously. With 22.36M shares average volume, it will take short sellers 3 days to cover their WFT’s short positions. The short interest to Weatherford International Plc’s float is 7.58%. About 8.88M shares traded hands. Weatherford International Plc (NYSE:WFT) has declined 39.78% since April 19, 2016 and is downtrending. It has underperformed by 43.64% the S&P500.

Insitutional Activity: The institutional sentiment decreased to 1.18 in Q2 2016. Its down 0.11, from 1.29 in 2016Q1. The ratio worsened, as 61 funds sold all Weatherford International Plc shares owned while 78 reduced positions. 55 funds bought stakes while 124 increased positions. They now own 687.46 million shares or 3.50% less from 712.38 million shares in 2016Q1.
Financial Architects Inc has 0.01% invested in the company for 4,700 shares. Moreover, Thrivent For Lutherans has 0.45% invested in Weatherford International Plc (NYSE:WFT) for 16.99 million shares. Security Tru Communications reported 1,100 shares or 0% of all its holdings. Millennium Mngmt Ltd reported 1.87M shares or 0.02% of all its holdings. Susquehanna Intll Gp Limited Liability Partnership accumulated 39,347 shares or 0% of the stock. The New York-based Qs Invsts Llc has invested 0% in Weatherford International Plc (NYSE:WFT). Daiwa Securities Group Inc last reported 0% of its portfolio in the stock. Everpoint Asset Mngmt Limited Liability Corporation accumulated 300,000 shares or 0.03% of the stock. Zimmer Prns Lp last reported 6.00 million shares in the company. Franklin Res accumulated 1.16 million shares or 0% of the stock. Macquarie Group Ltd reported 228,216 shares or 0% of all its holdings. Levin Cap Strategies Limited Partnership reported 18,400 shares or 0% of all its holdings. Marshall Wace Limited Liability Partnership reported 4.09 million shares or 0.19% of all its holdings. Cambrian Cap L P accumulated 263,400 shares or 0.87% of the stock. Crawford Invest Counsel Inc last reported 12,877 shares in the company.

Weatherford International Plc (NYSE:WFT) Ratings Coverage

Out of 22 analysts covering Weatherford International Ltd. (NYSE:WFT), 18 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 82% are positive. Weatherford International Ltd. has been the topic of 57 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Weatherford International Plc (NYSE:WFT) has “Buy” rating given on Friday, March 11 by Goldman Sachs. The firm has “Buy” rating given on Thursday, November 10 by CLSA. The firm has “Sector Perform” rating given on Thursday, October 27 by Howard Weil. The stock of Weatherford International Plc (NYSE:WFT) earned “Buy” rating by DA Davidson on Friday, February 19. Oppenheimer maintained the stock with “Outperform” rating in Thursday, October 1 report. The stock of Weatherford International Plc (NYSE:WFT) has “Overweight” rating given on Friday, August 28 by Stephens. Imperial Capital initiated Weatherford International Plc (NYSE:WFT) on Friday, June 24 with “In-Line” rating. The firm has “Outperform” rating given on Friday, July 24 by Oppenheimer. Bank of America initiated the shares of WFT in a report on Monday, June 13 with “Underperform” rating. The stock of Weatherford International Plc (NYSE:WFT) has “Buy” rating given on Friday, September 11 by TD Securities.

WFT Company Profile

Weatherford International plc, incorporated on March 3, 2014, is an oilfield service company. The Firm provides equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells. The Firm operates through five divisions: North America, Latin America, Europe/Sub-Sahara Africa (SSA)/Russia, Middle East/North Africa (MENA)/Asia Pacific and Land Drilling Rigs. The Firm offers products through three business groups: Formation Evaluation and Well Construction, Completion and Production, and Land Drilling Rigs, which together include approximately 14 product lines. Formation Evaluation and Well Construction includes Managed-Pressure Drilling, Drilling Services, Tubular Running Services, Drilling Tools, Wireline Services, Testing and Production Services, Re-entry and Fishing Services, Cementing, Liner Systems, Integrated Laboratory Services and Surface Logging Systems. Completion and Production includes Artificial Lift Systems, Stimulation and Completion Systems. Land Drilling Rigs encompasses land drilling rigs business, including the services and products ancillary thereto.

More recent Weatherford International Plc (NYSE:WFT) news were published by: Fool.com which released: “Here’s Why Weatherford International Plc’s Stock Plunged Today” on November 01, 2016. Also Seekingalpha.com published the news titled: “Weatherford International Plc (WFT) Q3 2016 Results – Earnings Call Transcript” on October 26, 2016. Businessinsider.com‘s news article titled: “Weatherford International CEO Bernard Duroc-Danner leaves” with publication date: November 09, 2016 was also an interesting one.

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By Adrian Mccoy


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