TotalFinaElf S.A. (TOT) : 1 days before expiry, shorts in TotalFinaElf S.A. (TOT) have reduced from 1,854,172 on Jul 29, 2016, to 1,710,328 on August 15, 2016. On an average, 1,234,514 shares are traded on the exchange. The outstanding bearish positions are equal to 0.1% of the float. Short sellers have covered -143,844 shares, a reduction of -7.8%, 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.
TotalFinaElf S.A. (NYSE:TOT): The stock opened at $48.25 on Wednesday but the bulls could not build on the opening and the stock topped out at $48.35 for the day. The stock traded down to $47.91 during the day, due to lack of any buying support eventually closed down at $48.11 with a loss of -0.25% for the day. The stock had closed at $48.23 on the previous day. The total traded volume was 1,355,942 shares.
Total S.A. is an energy operator. The Company operates through three business segments: an Upstream segment, including alongside the activities of the exploration and production of hydrocarbons, the activities of gas and power; a Refining & Chemicals segment constituting an industrial hub comprising the activities of refining, petrochemicals and specialty chemicals and also includes the activities of oil trading and shipping; a Marketing & Services segment, including the global activities of supply and marketing in the field of petroleum products, as well as the activity of new energies, and a Corporate segment, which includes holdings operating and financial activities. Its projects include CLOV, EGINA, IKIKE, INCAHUASI, LAGGAN-TORMORE, OML-58 UPGRADE, EA-1 AND EA-1A (UGANDA), ELGIN – FRANKLIN REDEVELOPMENT and ABSHERON PH.1, among others.