Short Interest in PetroChina Company Limited (OTCMKTS:PCCYF) Grows By 795.9%

PetroChina Company Limited (OTCMKTS:PCCYF) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 10,614,556 shares, an increase of 795.9% from the April 15th total of 1,184,773 shares. Based on an average daily trading volume, of 100,490 shares, the short-interest ratio is currently 105.6 days.

PetroChina Price Performance

PCCYF traded up $0.07 during trading hours on Tuesday, hitting $1.41. 205,642 shares of the company’s stock were exchanged, compared to its average volume of 67,842. PetroChina has a 12-month low of $0.72 and a 12-month high of $1.59. The firm has a 50 day moving average of $1.36 and a 200 day moving average of $1.19.

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.