PetroChina Company Limited (OTCMKTS:PCCYF) Short Interest Down 50.9% in December

PetroChina Company Limited (OTCMKTS:PCCYF) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 889,919 shares, a drop of 50.9% from the December 15th total of 1,812,425 shares. Based on an average daily trading volume, of 76,388 shares, the short-interest ratio is presently 11.6 days. Based on an average daily trading volume, of 76,388 shares, the short-interest ratio is presently 11.6 days.

PetroChina Trading Up 4.8%

PetroChina stock traded up $0.05 during trading hours on Thursday, reaching $1.10. 306 shares of the stock were exchanged, compared to its average volume of 22,751. PetroChina has a twelve month low of $0.59 and a twelve month high of $1.18. The stock has a 50 day moving average of $1.09 and a two-hundred day moving average of $0.99.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein raised shares of PetroChina to an “outperform” rating in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus 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.