Schlumberger N.V. June 15th Short Interest Update

Schlumberger N.V. (NYSE:SLB), A reduction of 2,668,763 shares or 14.6% was observed in the short interest of Schlumberger The interest on June 15,2016 came in at 15,610,566 shares and as per the average daily trading of 5,884,937 shares, the days to cover are 3. The reduced interest is 1.1% of the floated shares. The data of May 31,2016 put the interest at 18,279,329 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Schlumberger N.V. (NYSE:SLB): The stock opened at $76.63 on Friday but the bulls could not build on the opening and the stock topped out at $77.77 for the day. The stock traded down to $76.23 during the day, due to lack of any buying support eventually closed down at $76.66 with a loss of -3.68% for the day. The stock had closed at $79.59 on the previous day. The total traded volume was 9,561,456 shares.

The company shares have dropped -10.51% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $86.69 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $76.44 and the 200 Day Moving Average price is recorded at $73.05.

Schlumberger N.V. (NYSE:SLB) has tumbled 1.08% during the past week and has dropped 0.66% in the last 4 week period. In the past week, the company has outperformed the S&P 500 by 0.56% and the outperformance has advanced to 2.35% for the last 4 weeks period.

Schlumberger N.V. is a supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry. The Company operates in the oilfield service markets through three Groups, which include Reservoir Characterization Group, which consists of the principal technologies involved in finding and defining hydrocarbon resources; Drilling Group, which consists of the principal technologies involved in the drilling and positioning of oil and gas wells, and Production Group, which consists of the principal technologies involved in the lifetime production of oil and gas reservoirs and includes Well Services, Completions, Artificial Lift, Well Intervention, Water Services and the Schlumberger Production Management field production projects.

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