PetroChina Company Limited (OTCMKTS:PCCYF – Get Free Report) was the target of a significant 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 days-to-cover ratio is currently 44.4 days.
PetroChina Trading Up 4.8%
PCCYF traded up $0.06 during midday trading on Tuesday, hitting $1.30. The company had a trading volume of 8,451 shares, compared to its average volume of 52,820. PetroChina has a 52 week low of $0.91 and a 52 week high of $1.59. The stock’s 50 day moving average price is $1.23 and its 200 day moving average price is $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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