Could Imperial Oil Limited (NYSEAMERICAN:IMO) See a Reversal After Less Sellers Came In?

Imperial Oil Limited (NYSEAMERICAN:IMO) Logo

The stock of Imperial Oil Limited (NYSEAMERICAN:IMO) registered a decrease of 5.79% in short interest. IMO’s total short interest was 6.96 million shares in September as published by FINRA. Its down 5.79% from 7.38 million shares, reported previously. With 287,500 shares average volume, it will take short sellers 24 days to cover their IMO’s short positions.

The stock increased 0.04% or $0.01 during the last trading session, reaching $26.6. About 102,618 shares traded. Imperial Oil Limited (NYSEAMERICAN:IMO) has declined 19.06% since September 13, 2018 and is downtrending. It has underperformed by 19.06% the S&P500.

Imperial Oil Limited explores for, produces, and sells natural gas and crude oil in Canada. The company has market cap of $20.20 billion. The firm operates through three divisions: Upstream, Downstream, and Chemical. It has a 21.95 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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