Short interest in integrated energy stocks
Integrated energy stocks like Total (TOT), ENI (E), Suncor Energy (SU), and Petrobras (PBR) have seen a distinct trend in short interest (as a percentage of outstanding shares) changes in 2017. Usually, a rise in short interest indicates an increase in bearish sentiment for a stock.
While the short interest in TOT and SU rose, it fell in E and PBR in 2017. TOT and SU saw a 0.27% and 0.03% rise in short interest, respectively, from December 2016 to March 2017. However, E and PBR witnessed a fall in their short interests by 0.02% and 0.69%, respectively. During the same period, TOT, SU, E, and PBR saw a decline in their stock prices by 0.1%, 6%, 2%, and 10%, respectively.
To learn about the short interests of American integrated energy stocks like ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP), read Integrated Energy Stocks’ Short Interest Levels in 1Q17. If you are looking for exposure to large American companies, you can consider the SPDR S&P 500 ETF (SPY). The ETF has ~7% exposure to energy sector stocks.