Short Interest in Prio S.A. (OTCMKTS:PTRRY) Declines By 89.4%

Prio S.A. (OTCMKTS:PTRRY) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 26,010 shares, a drop of 89.4% from the May 31st total of 246,131 shares. Based on an average daily volume of 80,755 shares, the short-interest ratio is currently 0.3 days.

Prio Price Performance

Shares of Prio stock traded down C$0.01 during trading on Friday, reaching C$10.32. The company’s stock had a trading volume of 20,644 shares, compared to its average volume of 66,758. The firm’s 50-day moving average is C$12.53 and its two-hundred day moving average is C$10.89. Prio has a 52-week low of C$6.52 and a 52-week high of C$14.37.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Prio to a “hold” rating in a report on Monday, June 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Prio presently has an average rating of “Hold”.

Prio Company Profile

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.