PetroChina Company Limited (OTCMKTS:PCCYF) Short Interest Update

PetroChina Company Limited (OTCMKTS:PCCYF) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 894,490 shares, a decrease of 13.1% from the January 15th total of 1,029,842 shares. Based on an average trading volume of 100,102 shares, the short-interest ratio is currently 8.9 days. Based on an average trading volume of 100,102 shares, the short-interest ratio is currently 8.9 days.

PetroChina Price Performance

Shares of PCCYF opened at $1.16 on Thursday. The company’s fifty day simple moving average is $1.09 and its 200-day simple moving average is $1.03. PetroChina has a twelve month low of $0.59 and a twelve month high of $1.20.

Analyst Ratings Changes

Separately, Sanford C. Bernstein raised shares of PetroChina to an “outperform” rating in a report on Tuesday, January 6th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, PetroChina presently has an average rating of “Buy”.

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.