Short Interest Update on Tesoro Corporation (TSO)

Tesoro Corporation (TSO) : 2 days before expiry, shorts in Tesoro Corporation (TSO) have reduced from 5,966,845 on Jul 29, 2016, to 5,542,373 on August 15, 2016. On an average, 2,439,190 shares are traded on the exchange. The outstanding bearish positions are equal to 4.7% of the float. Short sellers have covered -424,472 shares, a reduction of -7.1%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

Tesoro Corporation (NYSE:TSO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $75.11 and $74.83 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $76.12. The buying momentum continued till the end and the stock did not give up its gains. It closed at $75.90, notching a gain of 1.00% for the day. The total traded volume was 1,936,271 . The stock had closed at $75.15 on the previous day.


In a related news,The officer (SVP, Commercial) of Tesoro Corp /New/, Schofield Daryl R sold 2,660 shares at $80 on May 23, 2016. The Insider selling transaction had a total value worth of $212,800. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Tesoro Corporation is an independent petroleum refining and marketing company. Through its subsidiaries, the Company primarily transports crude oil and manufactures, transports and sells transportation fuels. The Company operates through three business segments: Refining operating segment, which owns and perates six petroleum refineries with a combined crude oil capacity of 850 thousand barrels per day (Mbpd) located in the western United States and sells transportation fuels to a variety of customers; TLLP, a publicly traded limited partnership, which includes certain crude oil and natural gas gathering assets, natural gas processing and crude oil and refined products terminalling, transportation and storage assets, and Retail operating segment, which sells transportation fuels in approximately 16 states through a network of approximately 2,267 retail stations under the ARCO, Shell, Exxon, Mobil, USA Gasoline and Tesoro brands.

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