Prio S.A. (OTCMKTS:PTRRY) Short Interest Down 78.5% in June

Prio S.A. (OTCMKTS:PTRRY) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 5,586 shares, a decrease of 78.5% from the June 15th total of 26,010 shares. Based on an average daily volume of 108,799 shares, the short-interest ratio is presently 0.1 days.

Prio Stock Performance

Shares of PTRRY stock traded up C$0.15 during mid-day trading on Friday, reaching C$10.85. 9,056 shares of the stock traded hands, compared to its average volume of 64,718. The stock’s fifty day simple moving average is C$12.08 and its two-hundred day simple moving average is C$11.12. 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 research note on Monday, June 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently 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.