Short Interest in PetroChina Company Limited (OTCMKTS:PCCYF) Expands By 18.9%

PetroChina Company Limited (OTCMKTS:PCCYF) was the target of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 1,063,329 shares, a growth of 18.9% from the January 29th total of 894,490 shares. Based on an average daily volume of 32,900 shares, the short-interest ratio is currently 32.3 days. Based on an average daily volume of 32,900 shares, the short-interest ratio is currently 32.3 days.

Analyst Ratings Changes

Separately, Sanford C. Bernstein upgraded PetroChina to an “outperform” rating in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy”.

PetroChina Trading Up 5.6%

Shares of OTCMKTS PCCYF opened at $1.33 on Wednesday. The business’s 50 day moving average is $1.13 and its 200-day moving average is $1.05. PetroChina has a 1-year low of $0.59 and a 1-year high of $1.33.

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.