Suncor Energy June 15th Short Interest Update

Suncor Energy (NYSE:SU) encountered a rise of 59.5% or 5,442,997 shares in the short positions. The number escalated from 9,149,534 on May 31,2016 to 14,592,531 on June 15,2016. The final interest is 0.9% of the floated stock. The days to cover figure of 2 can be arrived using the average daily exchange of 5,908,891 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Suncor Energy (NYSE:SU): The stock opened at $26.90 on Friday but the bulls could not build on the opening and the stock topped out at $27.70 for the day. The stock traded down to $26.81 during the day, due to lack of any buying support eventually closed down at $26.85 with a loss of -4.79% for the day. The stock had closed at $28.20 on the previous day. The total traded volume was 4,964,486 shares.

The company shares have dropped -1.50% from its 1 Year high price. On Nov 3, 2015, the shares registered one year high at $30.70 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $27.00 and the 200 Day Moving Average price is recorded at $25.81.

Stocks of Suncor Energy (NYSE:SU) rallied by 0.86% during the past week but lost 2.51% on a 4-week basis. In the past week, the company has outperformed the S&P 500 by 2.54% and the outperformance has advanced to 0.44% for the last 4 weeks period.

Suncor Energy Inc. (Suncor) is an integrated energy company. The Company is focused on developing Canadas petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production, and Refining and Marketing. The Companys Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations. Its Exploration and Production segment consists of offshore operations off the east coast of Canada and in the North Sea, and onshore assets in North America, Libya and Syria. The Companys Refining and Marketing segment is engaged in Refining and Supply, and Downstream Marketing. In addition, the Company explores, for, acquires, develops, produces and markets crude oil and natural gas in Canada and internationally. The Company also transports and refines crude oil, and markets petroleum and petrochemical products primarily in Canada.

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