PetroChina Company Limited (OTCMKTS:PCCYF) Short Interest Down 29.7% in December

PetroChina Company Limited (OTCMKTS:PCCYF) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 1,812,425 shares, a decline of 29.7% from the November 30th total of 2,577,054 shares. Based on an average daily trading volume, of 76,440 shares, the days-to-cover ratio is currently 23.7 days. Based on an average daily trading volume, of 76,440 shares, the days-to-cover ratio is currently 23.7 days.

PetroChina Stock Up 4.8%

OTCMKTS:PCCYF opened at $1.09 on Monday. The company has a 50-day moving average of $1.07 and a 200-day moving average of $0.98. PetroChina has a 52 week low of $0.59 and a 52 week high of $1.18.

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.