What Does Suncor’s Short Interest Analysis Reveal?

Suncor Energy (SU) has witnessed a 34% rise in its short interest since April 2016.

Maitali Ramkumar - Author
By

Jul. 20 2016, Updated 4:07 p.m. ET

uploads///SI

Suncor’s Short Interest

Suncor Energy (SU) has witnessed a 34% rise in its short interest since April 2016. This indicates that the bearish sentiment for the stock is strengthening. During the same period, contrary to market sentiments, SU’s stock price has risen by 2%.

Also, in the same period, ExxonMobil’s (XOM), Chevron’s (CVX), and Royal Dutch Shell’s (RDS.A) short interest rose by 8%, 37%, and 9%, respectively. Their stock prices rose by 14%, 13%, and 17%, respectively, since April.

The PowerShares Dynamic Large Cap Value Portfolio ETF (PWV) has ~5% exposure to energy sector stocks.

Article continues below advertisement
Article continues below advertisement
Advertisement

Latest Chevron Corp News and Updates

    Opt-out of personalized ads

    © Copyright 2024 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.