Oi SA (ADR) (OIBR): What Can Hedge Fund Sentiment Tell Us About This Stock?

Because Oi SA (ADR) (NYSE:OIBR) has faced neutral sentiment from the aggregate hedge fund industry, we can see that at least one fund also chose to sell off the stock during the third quarter. That fund was John Bader’s Halcyon Asset Management, which sold off the biggest position of all the hedgies watched by Insider Monkey, valued at close to $3.4 million in stock.

Let’s check out hedge fund activity in other stocks similar to Oi SA (ADR) (NYSE:OIBR). These stocks are Nautilus, Inc. (NYSE:NLS), China Yuchai International Limited (NYSE:CYD), Clayton Williams Energy, Inc. (NASDAQ:CWEI), and Dynagas LNG Partners LP (NYSE:DLNG). All of these stocks’ market caps are similar to Oi SA’s market cap.

As you can see these stocks had an average of 13 hedge funds with bullish positions and the average amount invested in these stocks was $65 million. That figure was $34 million in Oi SA’s case. Nautilus, Inc. (NYSE:NLS) is the most popular stock in this table. On the other hand Dynagas LNG Partners LP (NYSE:DLNG) is the least popular one with only 5 bullish hedge fund positions. Oi SA (ADR) (NYSE:OIBR) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard Nautilus might be a better candidate to consider a long position in.