PetroChina Company Limited (OTCMKTS:PCCYF – Get Free Report) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 1,620,393 shares, a decline of 55.6% from the September 15th total of 3,647,777 shares. Based on an average daily trading volume, of 36,521 shares, the short-interest ratio is currently 44.4 days.
PetroChina Stock Up 0.8%
Shares of PCCYF opened at $1.25 on Wednesday. The firm’s fifty day simple moving average is $1.23 and its two-hundred day simple moving average is $1.28. PetroChina has a 12 month low of $0.91 and a 12 month high of $1.59.
PetroChina Company Profile
PetroChina Company Limited is an integrated energy company engaged in the exploration, development, production and sale of crude oil and natural gas. The company is the publicly listed arm of China National Petroleum Corporation (CNPC), one of China’s major state-owned energy groups.
Its business activities include oil and gas exploration and production, crude oil refining, petrochemical manufacturing, fuel marketing and distribution, and the processing, transportation, storage and sale of natural gas.
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