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Imperial Oil Limited (NYSE:IMO) was the target of a large increase in short interest in July. As of July 15th, there was short interest totalling 7,080,529 shares, an increase of 3.0% from the June 30th total of 6,871,507 shares, ARN reports. Approximately 2.7% of the shares of the stock are sold short. Based on an average daily volume of 211,536 shares, the days-to-cover ratio is presently 33.5 days.

Several analysts have recently commented on the stock. Analysts at Canaccord Genuity downgraded shares of Imperial Oil Limited from a “hold” rating to a “sell” rating in a research note on Tuesday. Analysts at BMO Capital Markets downgraded shares of Imperial Oil Limited from an “outperform” rating to an “underperform” rating in a research note on Friday, May 2nd. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Imperial Oil Limited has a consensus rating of “Hold” and an average target price of $51.75.

Shares of Imperial Oil Limited (NYSE:IMO) traded up 0.11% on Thursday, hitting $53.80. The stock had a trading volume of 80,540 shares. Imperial Oil Limited has a 1-year low of $40.19 and a 1-year high of $54.09. The stock has a 50-day moving average of $52.40 and a 200-day moving average of $47.34. The company has a market cap of $45.601 billion and a price-to-earnings ratio of 16.54.

Imperial Oil Limited (NYSE:IMO) last announced its earnings results on Thursday, May 1st. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.03. On average, analysts predict that Imperial Oil Limited will post $4.27 earnings per share for the current fiscal year.

Imperial Oil Limited (NYSE:IMO) is an integrated oil company.

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