PetroChina Company Limited (OTCMKTS:PCCYF) Short Interest Update

PetroChina Company Limited (OTCMKTS:PCCYF) was the target of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 1,063,329 shares, a growth of 18.9% from the January 29th total of 894,490 shares. Based on an average trading volume of 32,900 shares, the days-to-cover ratio is currently 32.3 days. Based on an average trading volume of 32,900 shares, the days-to-cover ratio is currently 32.3 days.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein raised PetroChina to an “outperform” rating in a research note on Tuesday, January 6th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

PetroChina Stock Down 1.5%

Shares of OTCMKTS PCCYF opened at $1.31 on Thursday. PetroChina has a 12 month low of $0.59 and a 12 month high of $1.33. The business has a fifty day simple moving average of $1.13 and a 200-day simple moving average of $1.05.

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.