Prio S.A. (OTCMKTS:PTRRY – Get Free Report) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totaling 5,586 shares, a drop of 78.5% from the June 15th total of 26,010 shares. Based on an average daily volume of 108,799 shares, the short-interest ratio is presently 0.1 days.
Prio Stock Up 1.4%
Shares of OTCMKTS PTRRY traded up C$0.15 during midday trading on Friday, reaching C$10.85. 9,056 shares of the stock traded hands, compared to its average volume of 64,718. The company’s 50 day moving average is C$12.08 and its 200 day moving average is C$11.12. Prio has a one year low of C$6.52 and a one year high of C$14.37.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded 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 MarketBeat, the stock presently has a consensus 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.
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