Nabors Industries Limited (NYSE:NBR) Just Reported Increased Shorts

July 17, 2017 - By Winifred Garcia

 Nabors Industries Limited (NYSE:NBR) Just Reported Increased Shorts

Investors sentiment decreased to 0.85 in 2016 Q4. Its down 0.41, from 1.26 in 2016Q3. It worsened, as 48 investors sold Nabors Industries Ltd. shares while 114 reduced holdings. 60 funds opened positions while 77 raised stakes. 272.31 million shares or 2.15% more from 266.59 million shares in 2016Q3 were reported.
Brown Advisory Inc owns 16,859 shares. Anchor Bolt L P has 1.4% invested in Nabors Industries Ltd. (NYSE:NBR). The California-based Strategic Global Advsr Ltd Com has invested 0.18% in Nabors Industries Ltd. (NYSE:NBR). 23,581 were reported by Capstone Asset Mgmt. Ci Invs Incorporated reported 3.10 million shares. California Pub Employees Retirement holds 1.31 million shares. Thompson Davis & Inc holds 0.01% in Nabors Industries Ltd. (NYSE:NBR) or 350 shares. Montgomery Investment Mgmt reported 82,541 shares. Deutsche Retail Bank Ag holds 0.01% of its portfolio in Nabors Industries Ltd. (NYSE:NBR) for 813,945 shares. Art Advisors Ltd Liability holds 0.12% in Nabors Industries Ltd. (NYSE:NBR) or 122,700 shares. Moreover, Kanaly Trust has 0% invested in Nabors Industries Ltd. (NYSE:NBR) for 105 shares. Nj State Employees Deferred Compensation Plan holds 0.07% or 20,000 shares in its portfolio. Sandy Spring Savings Bank has invested 0% of its portfolio in Nabors Industries Ltd. (NYSE:NBR). Prudential Fincl Inc holds 0.05% in Nabors Industries Ltd. (NYSE:NBR) or 1.73M shares. Oregon Pub Employees Retirement Fund holds 0.03% or 98,793 shares.

Since May 4, 2017, it had 2 buys, and 0 insider sales for $388,982 activity.

The stock of Nabors Industries Limited (NYSE:NBR) registered an increase of 19.66% in short interest. NBR’s total short interest was 37.45 million shares in July as published by FINRA. Its up 19.66% from 31.30M shares, reported previously. With 9.16 million shares average volume, it will take short sellers 4 days to cover their NBR’s short positions. The short interest to Nabors Industries Limited’s float is 13.63%.

About 4.84 million shares traded. Nabors Industries Ltd. (NYSE:NBR) has risen 32.66% since July 17, 2016 and is uptrending. It has outperformed by 15.96% the S&P500.

Nabors Industries Ltd. owns and operates a land drilling rig fleet. The company has market cap of $2.15 billion. The Firm is a well-known provider of offshore platform drilling rigs in the United States and multiple international markets. It currently has negative earnings. The Firm conducts its Drilling & Rig Services business through four divisions: U.S.

Nabors Industries Ltd. (NYSE:NBR) Ratings Coverage

Among 28 analysts covering Nabors Industries Ltd. (NYSE:NBR), 22 have Buy rating, 0 Sell and 6 Hold. Therefore 79% are positive. Nabors Industries Ltd. had 76 analyst reports since August 6, 2015 according to SRatingsIntel. Nomura upgraded the stock to “Buy” rating in Wednesday, April 5 report. Jefferies maintained Nabors Industries Ltd. (NYSE:NBR) rating on Thursday, July 13. Jefferies has “Hold” rating and $11.5000 target. The firm has “Buy” rating by Scotia Capital given on Thursday, March 23. On Wednesday, April 27 the stock rating was upgraded by GMP Securities to “Buy”. Citigroup reinitiated Nabors Industries Ltd. (NYSE:NBR) on Wednesday, May 10 with “Buy” rating. The firm has “Neutral” rating given on Friday, August 14 by Citigroup. Howard Weil maintained it with “Sector Outperform” rating and $17 target in Tuesday, November 15 report. As per Wednesday, April 27, the company rating was maintained by Cowen & Co. The firm has “Buy” rating by Citigroup given on Wednesday, October 5. On Wednesday, June 21 the stock rating was downgraded by Seaport Global to “Neutral”.

More news for Nabors Industries Ltd. (NYSE:NBR) were recently published by: Prnewswire.com, which released: “Nabors Announces Commencement of Offer to Exchange Senior Notes due 2023” on June 20, 2017. Zacks.com‘s article titled: “Is the Options Market Predicting a Spike in Nabors Industries (NBR) Stock …” and published on July 11, 2017 is yet another important article.

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