PetroChina Company Limited (OTCMKTS:PCCYF – Get Free Report) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 1,620,393 shares, a drop of 55.6% from the September 15th total of 3,647,777 shares. Based on an average daily volume of 36,521 shares, the short-interest ratio is presently 44.4 days.
PetroChina Stock Performance
PCCYF opened at $1.23 on Thursday. PetroChina has a one year low of $0.92 and a one year high of $1.59. The company has a fifty day moving average price of $1.23 and a 200-day moving average price of $1.28.
About PetroChina
PetroChina Company Limited is an integrated energy company engaged in the exploration, development, production and sale of crude oil and natural gas. The company is the publicly listed arm of China National Petroleum Corporation (CNPC), one of China’s major state-owned energy groups.
Its business activities include oil and gas exploration and production, crude oil refining, petrochemical manufacturing, fuel marketing and distribution, and the processing, transportation, storage and sale of natural gas.
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