PetroChina Company Limited (OTCMKTS:PCCYF) Short Interest Update

PetroChina Company Limited (OTCMKTS:PCCYF) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totaling 1,184,773 shares, a decrease of 18.3% from the March 31st total of 1,450,042 shares. Based on an average daily volume of 71,854 shares, the days-to-cover ratio is currently 16.5 days.

Wall Street Analyst Weigh In

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

PetroChina Stock Performance

OTCMKTS PCCYF traded down $0.11 during trading hours on Friday, reaching $1.45. The company’s stock had a trading volume of 44,062 shares, compared to its average volume of 68,606. The business has a 50-day simple moving average of $1.34 and a 200 day simple moving average of $1.17. PetroChina has a 52 week low of $0.72 and a 52 week high of $1.59.

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.