TOT, E, SU, and PBR: Did Their Short Interest Surge in 2Q17?
Short interest in foreign integrated energy firms
International integrated energy stocks like Total (TOT), ENI (E), Suncor Energy (SU), and Petrobras (PBR) have witnessed mixed changes in their short interest as a percentage of outstanding shares in 2Q17. Typically, an increase in short interest indicates a rise in bearish sentiment for the stock.
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Changes in 2Q17
While short interest in TOT and PBR rose, SU’s short interest fell in 2Q17. Short interest in ENI remained flat in the quarter. TOT and PBR saw rises in short interest of 0.02% and 0.09%, respectively, from March 31–May 15, 2017.
However, SU witnessed a 0.03% fall in its short interest. During the same period, TOT, SU, and E saw their stock prices rise 6%, 4%, and 2%, respectively. However, PBR fell 6% in 2Q17.
To learn about short interest in American integrated energy stocks like ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP), you can read Why Short Interest in Integrated Energy Stocks Plunged in 2017.
For integrated energy stock exposure, you can consider the iShares Global Energy ETF (IXC), which has ~56% exposure to the sector.