Halliburton Company Experiences Rise In Share Price

Halliburton Company has experienced a massive rise in the shares by over 8.43% in the first week of February. The rise in the shares for the past week was higher than the rise which the company has experienced during the past 4 weeks, that came around at 8.95%. Due to the zealous buying spree that the investors went on at Halliburton, the share price jumped 0.01 points in the market.
According to the most recent data accessible in the market, the net money flow that the company received before the market closed for the day of Monday was $11.81million. The up-ticks resulted in an inflow of $116.48 million and the down-ticks came out at $104.67 million. The finalized up/down ratio that appeared was 1.11, which gave out a definite sign that progressive changes are expected by the company’s financial doings.
The expected 52-week high of the share is 74.33 and the low that is anticipated is 37.21. From block trade, the net flow of money was $18.89 million.
According to a report released on January 15th, short interest shares of Halliburton Company (NYSE:HAL) were 35,019,555 in total. This marked the rise of the shares by almost 18% as short interest shares from December 2014 were 29,751,215 in totality.
The oil-field service providers saw a major rise in the short interest shares. In the past month, the percentage increase in short interest shares was seen at 42.61%, and if looked at the past three months’ status, the percentage comes around at 158.5%. The company’s current short interest ratio is 2.21 which can be looked at in a positive manner as a low interest ratio, which explains that the company is looking towards a positive perspective, while high short interest ratio defines a company’s weak position.
The highest value of a share that Halliburton has experienced so far in a year is $74.33 and the lowest recorded is $37.21.
Halliburton is an oil-field service supplier that works worldwide. Its main headquarters are in Texas, USA and Dubai, UAE. The company gives services to extract oil from the fields, and these services include exploration and development. It also provides guidance to companies for the production of natural oil and gas in Europe, Africa and Asia. The company also caters the Middle East where its CEO David J. Lesar resides and looks after the company’s headquarter in Dubai. The oil-providers are currently working in over 80 countries all over the world.