PetroChina Company Limited (OTCMKTS:PCCYF) Sees Significant Increase in Short Interest

PetroChina Company Limited (OTCMKTS:PCCYF) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 1,450,042 shares, an increase of 32.4% from the March 15th total of 1,094,919 shares. Based on an average daily volume of 147,465 shares, the short-interest ratio is presently 9.8 days.

PetroChina Stock Down 1.5%

Shares of PCCYF traded down $0.02 during trading hours on Friday, hitting $1.33. The company had a trading volume of 14,300 shares, compared to its average volume of 70,969. The stock’s 50 day moving average price is $1.29 and its 200 day moving average price is $1.14. PetroChina has a 52-week low of $0.66 and a 52-week high of $1.50.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein upgraded PetroChina to an “outperform” rating in a report on Tuesday, January 6th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy”.

PetroChina Company Profile

PetroChina Company Limited, traded over-the-counter in the U.S. as PCCYF, serves as the publicly listed arm of China National Petroleum Corporation (CNPC), one of the world’s largest integrated energy companies. Established in 1999 and headquartered in Beijing, PetroChina engages in a full range of activities across the oil and gas value chain. The company is responsible for exploration, development and production of crude oil and natural gas reserves, capitalizing on extensive onshore and offshore assets throughout China.

In its midstream operations, PetroChina develops and manages pipeline networks, storage terminals and liquefied natural gas (LNG) facilities that support the domestic energy grid.