Prio S.A. (OTCMKTS:PTRRY) Short Interest Update

Prio S.A. (OTCMKTS:PTRRY) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 246,131 shares, a growth of 877.0% from the May 14th total of 25,193 shares. Based on an average trading volume of 120,561 shares, the days-to-cover ratio is presently 2.0 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Prio to a “hold” rating in a research report on Monday. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Prio has an average rating of “Hold”.

Prio Trading Up 2.7%

Prio stock traded up C$0.32 during mid-day trading on Thursday, hitting C$12.30. 6,727 shares of the company traded hands, compared to its average volume of 67,870. Prio has a one year low of C$6.52 and a one year high of C$14.37. The stock has a fifty day moving average price of C$12.98 and a 200-day moving average price of C$10.60.

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.