PetroChina Company Limited (OTCMKTS:PCCYF – Get Free Report) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 12,637,663 shares, a drop of 66.9% from the June 15th total of 38,225,855 shares. Based on an average trading volume of 166,923 shares, the short-interest ratio is currently 75.7 days.
PetroChina Stock Performance
Shares of OTCMKTS PCCYF traded down $0.08 during trading on Tuesday, hitting $1.19. The stock had a trading volume of 66,649 shares, compared to its average volume of 63,580. PetroChina has a 12 month low of $0.83 and a 12 month high of $1.59. The firm has a fifty day moving average of $1.29 and a two-hundred day moving average of $1.25.
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.
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