Prio S.A. (OTCMKTS:PTRRY) Short Interest Down 78.5% in June

Prio S.A. (OTCMKTS:PTRRY) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 5,586 shares, a decrease of 78.5% from the June 15th total of 26,010 shares. Based on an average daily volume of 108,799 shares, the days-to-cover ratio is presently 0.1 days.

Prio Price Performance

Shares of Prio stock traded up C$0.15 during trading on Friday, reaching C$10.85. 9,056 shares of the company’s stock were exchanged, compared to its average volume of 64,718. Prio has a 1-year low of C$6.52 and a 1-year high of C$14.37. The firm’s 50-day moving average price is C$12.08 and its 200 day moving average price is C$11.12.

Wall Street Analysts Forecast Growth

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