Taking this into account, Evercore ISI upgraded its Borr Drilling Ltd [BORR] rating to an Outperform from a an In-line in a research note published recently. A number of analysts have revised their coverage, including BTIG Research’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “a Buy”.
Price Performance Review of BORR
On Tuesday, Borr Drilling Ltd [NYSE:BORR] saw its stock fall -3.60% to $4.29. Over the last five days, the stock has lost -9.49%. Borr Drilling Ltd shares have fallen nearly -39.45% since the year began. Nevertheless, the stocks have fallen -27.54% over the past one year. While a 52-week high of $7.32 was reached on 01/03/24, a 52-week low of $4.17 was recorded on 10/28/24. SMA at 50 days reached $5.48, while 200 days put it at $6.09.
Levels Of Support And Resistance For BORR Stock
The 24-hour chart illustrates a support level at 4.22, which if violated will result in even more drops to 4.16. On the upside, there is a resistance level at 4.41. A further resistance level may holdings at 4.54. The Relative Strength Index (RSI) on the 14-day chart is 23.60, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.51%. Stochastics %K at 14.75% indicates the stock is a buying.
How much short interest is there in Borr Drilling Ltd?
A steep rise in short interest was recorded in Borr Drilling Ltd stocks on 2024-10-15, growing by 1.14 million shares to a total of 10.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 9.19 million shares. There was a rise of 11.0%, which implies that there is a positive sentiment for the stock.
