Suncor Energy Inc (NYSE:SU) Could Improve Your Long Portfolio After Less Shorts Reported

Suncor Energy Inc. (NYSE:SU) Logo

The stock of Suncor Energy Inc (NYSE:SU) registered a decrease of 57.47% in short interest. SU’s total short interest was 3.53M shares in August as published by FINRA. Its down 57.47% from 8.29M shares, reported previously. With 2.92M shares average volume, it will take short sellers 1 days to cover their SU’s short positions.

The stock increased 0.17% or $0.05 during the last trading session, reaching $28.66. About 947,180 shares traded. Suncor Energy Inc. (NYSE:SU) has declined 32.10% since August 13, 2018 and is downtrending. It has underperformed by 32.10% the S&P500.

Suncor Energy Inc. operates as an integrated energy company. The company has market cap of $44.70 billion. The firm primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets natural gas and crude oil in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada; and markets third party petroleum products. It has a 12.64 P/E ratio. It operates in Oil Sands; Exploration and Production; Refining and Marketing; and Corporate, Energy Trading and Eliminations divisions.

More notable recent Suncor Energy Inc. (NYSE:SU) news were published by: Globenewswire.com which released: “Suncor Energy declares dividend NYSE:SU – GlobeNewswire” on July 24, 2019, also Seekingalpha.com with their article: “Alberta again eases oil output curtailments – Seeking Alpha” published on July 26, 2019, Benzinga.com published: “AMD CEO Lisa Su Denies Report She Could Be Leaving For IBM: ‘Zero Truth To This Rumor’ – Benzinga” on August 06, 2019. More interesting news about Suncor Energy Inc. (NYSE:SU) were released by: Fool.ca and their article: “2 Top Energy Stocks to Power Your Portfolio – The Motley Fool Canada” published on August 09, 2019 as well as Globenewswire.com‘s news article titled: “Suncor Energy reports second quarter 2019 results NYSE:SU – GlobeNewswire” with publication date: July 24, 2019.

Suncor Energy Inc. (NYSE:SU) Ratings Chart

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