PetroChina Company Limited (OTCMKTS:PCCYF) Sees Significant Decrease in Short Interest

PetroChina Company Limited (OTCMKTS:PCCYF) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 4,950,491 shares, a drop of 60.8% from the June 30th total of 12,637,663 shares. Based on an average daily volume of 66,688 shares, the days-to-cover ratio is presently 74.2 days.

PetroChina Price Performance

Shares of OTCMKTS PCCYF traded up $0.03 during trading hours on Tuesday, hitting $1.25. 6,089 shares of the stock were exchanged, compared to its average volume of 60,531. PetroChina has a one year low of $0.85 and a one year high of $1.59. The company’s 50 day moving average is $1.25 and its 200 day moving average is $1.26.

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.