Short Interest in PetroChina Company Limited (OTCMKTS:PCCYF) Rises By 116.3%

PetroChina Company Limited (OTCMKTS:PCCYF) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 22,964,266 shares, an increase 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 presently 225.4 days.

PetroChina Stock Down 0.4%

OTCMKTS PCCYF traded down $0.01 during trading hours on Friday, hitting $1.38. The company had a trading volume of 103,148 shares, compared to its average volume of 68,938. PetroChina has a 52 week low of $0.80 and a 52 week high of $1.59. The firm has a 50 day simple moving average of $1.38 and a 200 day simple moving average of $1.22.

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.