Diamond Offshore Drilling Short % of float
What is the Short % of float of Diamond Offshore Drilling?
The Short % of float of Diamond Offshore Drilling, Inc. is 43.14%
What is the definition of Short % of float?
Short percentage of float is the amount of shares being shorted compared to the float expressed as a percentage.
= short interest / float shares
Short percentage of float, or short interest ratio, is calculated by taking the total amount of shares shorted and dividing it by the total amount of shares available for trade. It is an indirect metric of investor sentiment. When short percentage of float is high, above 40%, it implies company investors hope shares will decline in value. The percentage is used by both fundamental and technical traders to identify trends. The short percentage of float can also be calculated for entire exchanges to determine the sentiment of the market as a whole. If it is high of around five or greater for an exchange, this can be taken as a bearish signal, and vice versa.
Short % of float of companies in the Energy sector on OTC compared to Diamond Offshore Drilling
What does Diamond Offshore Drilling do?
Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide. The company operates a fleet of 13 offshore drilling rigs, including four drillships and nine semisubmersible rigs. It serves independent oil and gas companies, and government-owned oil companies. The company was founded in 1953 and is headquartered in Houston, Texas. Diamond Offshore Drilling, Inc. is a subsidiary of Loews Corporation. On April 26, 2020, Diamond Offshore Drilling, Inc., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the United States Bankruptcy Court for the Southern District of Texas.
Companies with short % of float similar to Diamond Offshore Drilling
- Oasis Petroleum has Short % of float of 40.61%
- Intelsat S.A has Short % of float of 40.95%
- Intelsat SA has Short % of float of 40.95%
- Chewy Inc has Short % of float of 41.39%
- Tricida Inc has Short % of float of 41.67%
- Social Capital Hedosophia V has Short % of float of 42.18%
- Diamond Offshore Drilling has Short % of float of 43.14%
- LongFin Corp has Short % of float of 44.10%
- Health Insurance Innovations has Short % of float of 44.72%
- Dillard`s has Short % of float of 45.81%
- Clear Secure has Short % of float of 45.85%
- Beyond Meat Inc has Short % of float of 46.00%
- Microstrategy has Short % of float of 46.08%