Short Interest in Prio S.A. (OTCMKTS:PTRRY) Declines By 89.4%

Prio S.A. (OTCMKTS:PTRRY) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 26,010 shares, a decrease of 89.4% from the May 31st total of 246,131 shares. Based on an average daily volume of 80,755 shares, the days-to-cover ratio is presently 0.3 days.

Prio Stock Performance

OTCMKTS PTRRY opened at C$10.32 on Friday. The company has a fifty day moving average of C$12.53 and a two-hundred day moving average of C$10.89. Prio has a 1 year low of C$6.52 and a 1 year high of C$14.37.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Prio to a “hold” rating in a report on Monday, June 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Prio has an average rating of “Hold”.

About Prio

Prio SA, together with its subsidiaries, engages in the exploration, development, and production of oil and natural gas properties in Brazil and internationally. It holds a 100% interest in the Polvo Field covering approximately 134 square kilometres located in the southern portion of the Campos Basin, Rio de Janeiro; and the Frade Field that consists of approximately 154 kilometres located in the northern region of the Campos Basin, Rio de Janeiro. The company also holds interest in the Manati Field that comprises approximately 76 square kilometres located in the Camumu Basin, on the coast of the State of Bahia.