PetroChina Company Limited (OTCMKTS:PCCYF) Short Interest Up 116.3% in May

PetroChina Company Limited (OTCMKTS:PCCYF) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 22,964,266 shares, a growth of 116.3% from the April 30th total of 10,614,556 shares. Based on an average daily volume of 101,893 shares, the days-to-cover ratio is currently 225.4 days.

PetroChina Stock Performance

PetroChina stock traded up $0.01 during trading hours on Monday, reaching $1.38. The stock had a trading volume of 3,469 shares, compared to its average volume of 68,302. The business’s 50 day moving average price is $1.38 and its 200-day moving average price is $1.23. PetroChina has a 52 week low of $0.80 and a 52 week high of $1.59.

About PetroChina

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.