Noteworthy Short Interest Filing: Is Buying Total SA (NYSE:TOT), Having Higher Short Interest a Winning Strategy?

November 17, 2016 - By Marie Mckinney   ·   0 Comments

Noteworthy Short Interest Filing: Is Buying Total SA (NYSE:TOT), Having Higher Short Interest a Winning Strategy?

The stock of Total SA (NYSE:TOT) registered an increase of 114.16% in short interest. TOT’s total short interest was 3.62 million shares in November as published by FINRA. Its up 114.16% from 1.69 million shares, reported previously. With 1.55M shares average volume, it will take short sellers 2 days to cover their TOT’s short positions. The short interest to Total SA’s float is 0.16%. About 63,769 shares traded hands. Total SA (ADR) (NYSE:TOT) has declined 3.74% since April 15, 2016 and is downtrending. It has underperformed by 8.36% the S&P500.

Total SA is an oil and gas company. The company has a market cap of $120.44 billion. It has three divisions: the Upstream segment, including the activities of the exploration and production of hydrocarbons, and the activities of gas; the Refining & Chemicals segment constituting an industrial hub consisting of the activities of refining, petrochemicals and specialty chemicals, and also includes the activities of oil trading and shipping, and the Marketing & Services segment, including the activities of supply and marketing in the field of petroleum products, as well as the activity of New Energies. It has a 29.19 P/E ratio. The Marketing & Services segment is engaged in the development of its oil products distribution activities and related services around the world.

Total SA (ADR) (NYSE:TOT) Ratings Coverage

Out of 17 analysts covering Total SA (NYSE:TOT), 10 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 59% are positive. Total SA has been the topic of 19 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Friday, July 15 by Bank of America. On Monday, August 24 the stock rating was maintained by Barclays Capital with “Overweight”. The rating was initiated by Credit Agricole on Tuesday, December 15 with “Buy”. Jefferies downgraded the stock to “Hold” rating in Thursday, April 28 report. Societe Generale upgraded Total SA (ADR) (NYSE:TOT) on Tuesday, September 22 to “Buy” rating. Jefferies upgraded Total SA (ADR) (NYSE:TOT) on Tuesday, January 12 to “Buy” rating. The stock has “Accumulate” rating given by Tudor Pickering on Monday, September 21. The firm has “Hold” rating given on Monday, April 18 by Canaccord Genuity. The stock has “Mkt Perform” rating given by Bernstein on Thursday, September 8. The company was initiated on Monday, September 28 by BMO Capital Markets.

TOT Company Profile

Total S.A. (Total), incorporated on January 1, 1954, is an gas and oil company. The Firm has three divisions: an Upstream segment, including the activities of the exploration and production of hydrocarbons, and the activities of gas and power; a Refining & Chemicals segment constituting an industrial hub consisting of the activities of refining, petrochemicals and specialty chemicals, and also includes the activities of oil trading and shipping, and a Marketing & Services segment, including the activities of supply and marketing in the field of petroleum products, as well as the activity of New Energies. The Company’s Corporate segment includes holdings operating and financial activities. The Firm operates in the renewable energies and power generation sectors.

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By Marie Mckinney


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