Does Imperial Oil Limited (NYSEAMERICAN:IMO) Have Gas After Even Less Sellers Involved?

May 29, 2018 - By Michael Collier

Imperial Oil Limited (NYSEAMERICAN:IMO) Logo

The stock of Imperial Oil Limited (NYSEAMERICAN:IMO) registered a decrease of 7.22% in short interest. IMO’s total short interest was 9.64 million shares in May as published by FINRA. Its down 7.22% from 10.39M shares, reported previously. With 306,200 shares average volume, it will take short sellers 32 days to cover their IMO’s short positions. The short interest to Imperial Oil Limited’s float is 3.72%.

The stock increased 1.87% or $0.59 during the last trading session, reaching $32.18. About 178,482 shares traded. Imperial Oil Limited (NYSEAMERICAN:IMO) has risen 10.53% since May 29, 2017 and is uptrending. It has underperformed by 2.04% the S&P500.

Imperial Oil Limited explores for, produces, and sells natural gas and crude oil in Canada. The company has market cap of $26.43 billion. The firm operates through three divisions: Upstream, Downstream, and Chemical. It has a 71.04 P/E ratio. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen.

Imperial Oil Limited (NYSEAMERICAN:IMO) Ratings Chart

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