The stock of Baker Hughes Incorporated (NYSE:BHI) registered an increase of 8.17% in short interest. BHI’s total short interest was 6.91M shares in March as published by FINRA. Its up 8.17% from 6.39M shares, reported previously. With 3.64M shares average volume, it will take short sellers 2 days to cover their BHI’s short positions. The short interest to Baker Hughes Incorporated’s float is 1.66%. The stock is up 0.27% or $0.12 after the news, hitting $44.17 per share. About 2.10M shares traded hands. Baker Hughes Incorporated (NYSE:BHI) has declined 20.70% since August 3, 2015 and is downtrending. It has underperformed by 15.04% the S&P500.
Baker Hughes Incorporated is engaged in the oilfield services industry. The company has a market cap of $18.29 billion. The Firm is a supplier of oilfield services, products, technology and systems to the around the world oil and natural gas industry. It currently has negative earnings. The Firm also provides industrial services and products to the downstream chemicals, and process and pipeline services.
The institutional sentiment decreased to 0.72 in Q3 2015. Its down 0.14, from 0.86 in 2015Q2. The ratio dived, as 101 funds sold all Baker Hughes Incorporated shares owned while 251 reduced positions. 36 funds bought stakes while 216 increased positions. They now own 393.05 million shares or 2.79% more from 382.37 million shares in 2015Q2.
Alphagen Securities Llc holds 21.76% of its portfolio in Baker Hughes Incorporated for 55,572 shares. Energy Opportunities Capital Management Llc owns 597,075 shares or 10.18% of their US portfolio. Moreover, Arosa Capital Management Lp has 8.59% invested in the company for 1.14 million shares. The New York-based Andromeda Capital Llc has invested 7.08% in the stock. Valueact Holdings L.P., a California-based fund reported 23.25 million shares.
Since March 5, 2015, the stock had 0 insider buys, and 1 insider sale for $1.49 million net activity. Soucy Arthur L sold 26,676 shares worth $1.49 million. Gargalli Claire W sold 3,000 shares worth $195,193. Ruscev Mario sold 27,294 shares worth $1.79M. Deskus Archana sold 915 shares worth $63,135. The insider Jungels Pierre H Dr sold 3,082 shares worth $209,739.
Out of 26 analysts covering Baker Hughes Incorporated (NYSE:BHI), 23 rate it “Buy”, 1 “Sell”, while 7 “Hold”. This means 74% are positive. Baker Hughes Incorporated was the topic in 30 analyst reports since July 22, 2015 according to StockzIntelligence Inc.
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